I dont know why they are referring to a JV, its the first I have heard about it.
I note they mention a massive reduction in Capex though, which JY alluded too last week. Re do the sums with $25 mill capex instead of the $63 mill. Where does the savings come from?
Maybe there is another co on board, but I would be very surprised as it SHOULD have been mentioned to market by now.
I wonder if they are referring to WDR?
TCG
THR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
