IRL 0.00% 0.0¢ india resources limited

could fly, page-4

  1. 4,695 Posts.
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    The judgement by the Supreme Court is set down for next week, so hopefully will be announced by the end of the week. However, I wouldn't hold my breath waiting.
    A positive outcome will mean a cash injection greater than IRL's market cap.

    An announcement should also be forthcoming about the award settlement made on the 3rd Sept 2013 as reggie mentioned.
    The money should be in the bank already, but HCL continues to drag out payments
    We can only guess there is a lot of haggling going on between the parties. I hope Arvind is the best haggler.

    The company maker with the huge potential upside is the awarding of the Aravalli ML and once the announcement comes giving IRL the preferential right then we can all sit back and relax.
    What a great asset Aravalli will be. Zinc and lead will be in a supply deficit in a year or two and IRL will be sitting on a huge deposit of 130 million tons. With cheap labour costs Aravalli will be a winner.
    I've been waiting as long as hiphop with a cost base around 1.2 cents, mostly due to the opportunity to buy up at .002, .003 and .004 cents mid year.
    Its taken longer than we all thought, but 2014 the year of the horse will be a good year for IRL.
    I can feel it in my bones.

 
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