These MOUs are still working, though not nearly priced into the convertible debenture mark at $3.50... According to RoadWreck, we hear only "crickets" out of Russia and India. I guess he was referring to Stephen Harper and Vladimir Putin ("crickets"):
"Canadian Prime Minister Stephen Harper, who will discuss with [Putin] a recent agreement between the Russian non-ferrous metals producer RUSAL and the Canadian company Orbit Aluminum, which plan building a joint factory to produce alumina."
~ from the ITAR-TASS News Agency of Russia (Sept 2012): http://www.itar-tass.com/en/c32/514121.html|
"An OLI [Orbite] official also indicated that India’s National Aluminum Company (Nalco) was also in the process of negotiating a transfer of technology."
~ from AGMINER Trade News of India (released today, Dec 12): http://agmetalminer.com/2012/12/06/alumina-production-breakthrough-closer-to-replacing-bayer-process/
They can walk us down to the 200-day moving average (in this weak macro-market) but the fundamentals have changed radically this quarter ~ it's $4 time now, in a heartbeat.