The bit your missing is in the first announcement yet another government body the DIPP is to sponsor the Aravalli project before the PMG, which comes under The Ministry of Commerce. And lets not forget about all the other departments! I have been in this share a long time and nothing happens in a hurry particularly as many decisions end up in court, it seems to be how they do things there. To speed things up in India is not the same as speeding things up in Australia. Yes the ML will be granted but given IRL made this announcement 31 July 2008, 6 years ago, it may be several more years yet which in Indian terms might be quite speedy?
A question for anybody, what and who is with the robot trades? It’s such a small share without much liquidity to attract that sort of interest.
IRL Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
