aravalli, page-34

In this market I'll be happy with 1.5 cents instead of the .004 and .005 base that its been sitting at for the last umpdeen dozen years.
Every time I think the share price will go up, it goes down. The Aravalli decision announced on the 24th Dec was a complete fizzer. Management have never bothered to follow it up with any broker or investor updates or presentations. We do more on Hot Copper to publicize IRL than the management who are paid 1/2 million a year.
So whilst I like to be optimistic, the sad fact is ....... IRL needs money in the bank. All the money from the 200 million shares to RCF will be gone shortly, I hope the Indian cricket team enjoyed their dinner. IRL shareholders can't even afford baked beans.
Six months has gone by since Surda Mine closed down, so far there is nothing to indicate when the mine will be allowed to reopen. It could be next week or next year. Its like the Rakha Mine development, it was approved by the Environment Dept more than 9 months ago and still no word on when construction will start.
If IRL ever hits 10 cents I'll buy you all dinner with champagne. ( and it won't be baked beans on toast)