TSXV:EPO.H - Post by User
Comment by
metakit1on Apr 23, 2015 5:53pm
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Post# 23659123
RE:A fun few weeks
RE:A fun few weeks
For the final signing? At the earliest.
I think the boards will go fairly quickly - RCF and whoever is in the consortium will approve by the end of the summer. But the ministry approval will not be well into 2016. There are two factors here;
1) Indian bureaucracy; it does not matter who is in power, this can not be moved fast. Modi is there but it won't make a difference. It will still take a long time. It wouldn't matter if Attilla the Hun was resurrected to guide it through; it will still take a long time.
2) Agreement structure; I think the length is greater than the other offtakes and they will scrutinize it harder thus increasing the time to approval
In the interim, I think we are in for a long summer. Momentum is done; the PP killed it and the end of the day confirmed it. We will drift to .09 by the end of July allowing the wise to accumulate.
When the boards approve in September, we will get another burst of interest and go to .20 . There will be another languish and then the final ministry approval in late 2016 will get us to .50 . The rest is too hazy.