delta charlie, thanks. Yep, I know there are big problems doing business in India. I also think that IRL Directors have been doing business there long enough to understand the difficulties better than most. I applaud them for their current stand against HCL. NO MONEY .... NO WORK.
Lets see what happens, if you look at all the meetings Arvind has had with Gov't officials you can be sure the Indian Gov't doesn't want to see a first mover in India fail. Imagine the fall out if IRL goes broke because an Indian Gov't company doesn't pay its bills.
"The Government of India is monitoring how HCL decides to proceed due to its interest in improving foreign direct investment, and improving India’s “ease of doing business”. IRL is recognised as an early mover in this regard. "
What is the value of a lead, zinc deposit of 135 million tons? The answer...... a lot more than the present Market cap of IRL ie. $4 million. I'd say the value of the project is closer to $200 million , thats the value the Indian Gov't has put on the project. I'd say at .004c its the time to buy. I've been in business a long time, so I know what risk is all about.
IRL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
