That’s assuming JV terms are 50/50… we have no idea what has been agreed on!
All we know is the JV is buying 2 machines from Titomic with Titomic to receive Revenue from Powder Sales and a share in Barrel Sales…. doesn’t say what % share.
Whether TTT strategically left out buy in costs in the announcement…or there isn’t any … we don’t know!
It wouldn’t be ethical to announce a JV highlighting only the Revenues gained but don’t mention how much if anything it’s going to cost to enter a JV.
If that’s what they have done then @JAD is spot on with his opinions!…
Ann: Application for quotation of securities - TTT, page-16
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