Dumb luck is one thing, being vigilant is another. I'd say that Directors need to be on their toes to say the least as the cancellation of coal blocks could just be the start of a scenario that could make or break IRL.
Calls are already being made to include other minerals in the auction process.
Competitive bidding demanded for other minerals http://timesofindia.indiatimes.com/...d-for-other-minerals/articleshow/43457732.cms
Its India, and business is done in a different way, right or wrong this is the way that business is done. It may change on the surface, but you never change the mentality as a leopard doesn't change his spots.
"A list of pending approvals shows many individuals. This is because of an age old practice of mining department officials in the state governments, leaking information of areas having mineral deposits to private parties. Based on the information they buy land, and later move an application for a mining lease," said source."
IRL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
