Hi,
Well a SAA is more of a legal agreement between the two Companies. So i am invested in AQD and they have an SAA with S32. You will have to read about it but what I might think it involve is the option for CAT to start wearing the brunt of the costs and have a % stake in HX royalties. Its obviously something that is agreed between the two companies. Thats what AQD and S32 have but it can be different. Its just an example. Don't flame me everyone.
We all know FBR don't have the capex, or equipment to construct mass HX's. They will have to have an agreement with CAT somewhere and they will lose X amount on the sales in my opinion.
or CAT will just buy FBR. Might be cheaper in the long wrong. Anyhow i'm expecting a 6 month extension on the MOU.
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