Well it seems pretty clear to me that the new NMDC Finance Director is the one that undid 5 years of hard work. Must think he’s a little bit smarter than all the people that had been working on this project up to his arrival. As I’ve stated before, ego is a big problem in some of these third world countries.
Considering NMDC is a billion dollar Company and ECT is an R and D minnow, this announcement and explanation is the professional way to let shareholders and public know an outcome, rather than an open letter to the media. I hope the Finance Director follows the CMD out the door.
The good news is NLC is still on board. Hopefully Mr Selvakumar moves things along a little quicker than we’ve gotten used to. He doesn’t seem to be up to now!
Now we urgently need an update on what’s happening in Australia. I hope this is following very closely.
All IMO
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