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clock Created with Sketch. 19/03/19
07:08
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Originally posted by chin4:
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Hi W3, Glenrinterested but want more time . It's been mentioned here that a new finance director etc has caused delays. If they are not interested - imo they would just cut us loose. If ECT staff thought NMDCs intentions were anything less than honourable - would they have paid $325,000 into ELF? Would a large BHP type coy with say 20 directors all collude to string ECT out until broke? Nahh. Look who is watching. Australian High Commission, Austrade, Dastur, Yes Bank etc. If these delays go on much longer serious question marks would very likely start. Things will eventually have to come to a definitive showdown. Maybe that's happening as we speak? I have no idea.How long would they have to wait until they could use the patents? Let's say ECT went broke end 2019. A tender process would have to play out - probably over a year or more. Likely there would be multiple firms interested in bidding. But let's say NMDC win the tender. Great, they have patents say 3 years from now. But the patents are near useless without the ECT knowledge to implement the patents.why would ECT go broke even if NMDCs involvement was terminated one way or another?Indonesia as well as Australia. I cannot comment on the country of origin of those other companies that may have approached us showing interest in industrialising our technologies."
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@chin4 , thanks for responding to the request for your thoughts on he current state of play. Once again a very insightful and though-out post. As you say, things could well be reaching a showdown as we speak. Given the length of the suspension and the fact that the sunset date expires just prior to the suspension being lifted, I think that there could well be some serious ultimatums being payed out behind the scenes right now.@webman , your first post I notice but an excellent one at that I must say. This is the first time from what I can recall that someone has delved into the NMDC board composition to try and establish what could be causing the delays in getting the RCA on the agenda. A very interesting bit of research and logic to your comments. Thanks for sharing.
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