Does anyone else find it ironic that LCY partakes in a strict amount of DD to determine weather to buy into a a useless paddock. Yet we end up with a dud cornerstone investor in the first place.
I then wonder if DD done by LCY in the first place, examined business cultural risks with India, the red tape for getting things done and the inexperience of NMDC outside India, were all these factors taken into account because these risks seem significant and wouldn't you want a significant commitment or binding contract on capex etc if such risks were around? Or would you just sign cause it looks good for the short term?
LCY Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
