It is probably the most undervalued and under performing stock on the ASX but I'm sure NMDC who are the Indian Government know that their venture into Legacy must work with more and more Australian Leaders seeking free trade agreements with India with Victorian Premier Daniel Andrews being the latest!
The two nations must develop closer business and military ties as Chinese influence spreads in the region and trust is a key component of such a relationship.
I don't believe NMDC would want to ruin such a relationship India may very well need to rely upon into the future.
The most undervalued IO stock on ASX!?, page-7
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