IRL 0.00% 0.0¢ india resources limited

Biharinath has nothing to do with the go or no-go policy.The...

  1. 4,695 Posts.
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    Biharinath has nothing to do with the go or no-go policy.
    The same coal block has been given to two different companies, it is very doubtful whether this will ever go ahead. The other company has first preference, so I wouldn't hold your breath. I have discussed this previously, so look back on previous posts.
    Think about the Prism Cement contract, AUD$28/tonne of coal delivered to Prism Cement for the next 30 years, there is no announcement about any increases just a total project price of $249 million. Who knows what the price of coal will be in 5 or 10 years, what about 15, 20, 25 and 30 years from now.
    What about inflation, what abpout wage increases what about increases in consumables.
    Unfortunately we are paying top money for a pack of idiots.
    they talk about a IRR of less than 18%, it's the same clowns who said Surda would be profitable.
    If I could get my money back I'd dump this garbage on Monday.
 
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