DireCons - Great post and amazing prospects here
GLA
'''indeed, best of luck to all and MB and his team.
Check out 10th July Stephen Ohara interview at hbw.pharmaintelligence.informa.com
1) ROCE OF 37.5%
2) EPS OF 7.1P
3) EPS GROWTH 8%
4) QUICK RATIO 6.5
5) CURRENT RATIO 6.42
PK, hopefully we may not have to do a fund raise if the JV partner comes with a bag full
News soon, fingers crossed
In the end, fundamentals will win no matter how much they try to manipulate.
This is going global!
No big deal if you believe in the company prospects!
Mickey
This co is going to be huge. Thanks for the notice.
I would echo that ejt7777.
I am leaning towards an amicable resolution as the option of going for arbitration would be immensely damaging to the reputation of India due to the making of the Rajasthan state at a time when they are forging closer links with Australia generally in the mining space with technology and knowhow
Thanks for posting the chart Gang.
Hi Edhella, thanks for posting this.
1) LCM FUNDING TO BE LOCKED IN BY 28 JULY (MOST IMPORTANT)
2) THEN, I THINK A LETTER (FROM METAL MINING) WILL GO TO THE RAJASTHAN GOVT GIVING THEM A SET DATE BY WHICH THEY MUST COME TO AN AMICABLE AGREEMENT AND STATING THAT OTHERWISE, THE MATTER WILL BE REFERRED TO INTERNATIONAL TRIBUNAL. THIS DATE PROBABLY WILL BE SOON AFTER THE NEXT HEARING DATE IN AUGUST
3) THE RAJASTHAN GOVT THEREFORE FORCED TO DECIDE BEFORE THE HEARING IN AUGUST, WHICH PATH THEY WANT TO EMBARK ON
4) IF ARBITRATION THEN A REAL RISK FOR THEM TO PAY MARKET VALUE TO PAT - BASED ON PRESENT VALUE OF THE FUTURE CASH FLOWS DENIED TO PAT - I WOULD THINK $2BILLION
5) AMICABL AGREEMENT AND IT'S A WIN WIN FOR ALL INCLUDING RAJASTHAN GOVT
6) 5 ABOVE AND WE HAVE THE CASE DISMISSAL IN RAJASTHAN COURT FOLLOWED BY AN RNS OF A NEW JV PARTNER
Indeed PK73 - I would have loved to be in that room to see what hit them.
GLA
The Counsel for the Respondents are not liking it at all
"Learned AAG makes a serious objection to the adjournment"
Hi Mickey
Its natural for us to defer since PAT wants to ensure the clauses in respect of rewarding LCM for any early settlement on Bhukia are signed and sealed by end of July deadline date. This request I think is coming from LCM.
So we have requested the adjournment - now that's very interesting!!!!
High court showing no new judgement yet