IRL 0.00% 0.0¢ india resources limited

Have you bothered to calculate how much they will get per tonne...

  1. 4,695 Posts.
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    Have you bothered to calculate how much they will get per tonne of coal? How can these clowns make money at $28/tonne of coal. If Prism Cement guarantees a profit of AUD$28/tonne delivered that would be OK. But these idiots plan to borrow $8 million and then dig out coal and get PAID just $28/tonne.
    Best to buy shares in Prism Cement, they'll be getting the cheapest coal in India.
    Maybe a few shareholder should email Arvind and ask for a detailed explanation, because the annnouncement is crap in my book.
 
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