Looking forward to MPA to be signed soooon!, page-3

Obviously the two pieces of the puzzle we are waiting on is the tax ruling and the signing of the MPA.
The tax ruling decision is one of the pre-conditions of the Brevet facility and approval is important more so for ECT's 1/3 of the deal and not really an integral component which will influence the Indian signing process. I was under the impression if this was unfavourable that res 6 could potentially provide the back-up funds albeit with dilution. However, from what was announced by ECT around Christmas on their side of the funding they must be fairly confident on a positive result.
With regards to the MPA, most of the recent announcements point to this being a formality and also not that far way. In my opinion the signing announcement along with project, tech and finance details should provide a share price kicker for heads and tails. I'm keen to see the Indians providing their respective 1/3's (remaining $20m) as a cash contribution - in other words a simple and no strings attached funding approach. This would definitely be price moving and hopefully not EFH capped