IRL 0.00% 0.0¢ india resources limited

hiphop, keep your fingers crossed for the big settlement...

  1. 4,695 Posts.
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    hiphop, keep your fingers crossed for the big settlement announcement in Jan or Feb next year.
    I'm guessing that HCL hasn't appealed against the Sept 3 Arbitration settlement, the buying today confirms that.
    If HCL hasn't appealed then it means that they didn't have a leg to stand on.
    Judging from HCL's previous actions it means that RIGHT is truly on IRL's side. So HCL thinks it pointless to appeal.
    I'm guessing a settlement around AUD$1.35 million, lets hope the $$$ are in the bank before Xmas.
    The longer HCL take to pay the BILL the more interest IRL will earn.
    I'd guess they'll write a cheque pronto.
    Hiphop, yes unfortunatey we're all in the same boat since I'm also first holding from 2007, but I think we will see a turnaround in 2014, thankfully IRL has a dedicated team who have kept focused. Once we get above 5 cents we'll throw a party.
 
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