RESEARCH: Promising Cleantech Play, page-104

Its all a matter of opinion and Spider has his. At least it is based on available artifacts, reports and agreements (binding or not). Not on baseless accusations of managements skillsets. We must agree that it doesn't matter what positive move the company made in the past 4/5 years, there was a a number of posters that would not give them their due credit.

The counter argument is, "look at the share price now, see we were right all along".
But the reality if they cared to look is that NMDC didn't act with integrity. If they were so sure that the technology wasn't ready, why did they wait 2 years and make statements such as:
"Our approval is contingent only on NLC's approval"
"Sorry we couldn't sign, someone was sick"
"Oh, it needs additional board approval"
Further more, they knew months before they advised ECT. Quite despicable really

But what if the following report comes to fruition?

"According to well-placed sources, Steel Authority of India Ltd (SAIL) is stepping in to fill the void left in the joint venture between the Australian company Environmental Clean Technologies (ECT) and the mining major National Mineral Development Corporation (NMDC) and Neyveli Lignite Corporation (NLC) "

"Well placed sources" is the counter argument so yes, it could be a crock of &^%$

But what if the sources are well connected....