And given the hurdles even at that point in time I wonder why management were so confident of meeting the deadline? After all- the entire project still has to be reviewed by Niti Aayog. Does no shareholder find that fact alone a little odd? It could be towards the end of the year by the time Niti Aayog review the project... and then what?
I certainly hope I am wrong but I have a feeling management know the deadline will elapse. The change in date and terms of the ELF looks to me like management are making sure the accounts (cash to pay salaries) are in order and topped up before letting us plebs know that we need to sit on our hands for another few months.
Like I said, I hope I am wrong but sometimes you can't get past the obvious facts that are in front of us at this point in time.
ESI Price at posting:
1.6¢ Sentiment: None Disclosure: Held
