Ann: FBR signs MOU to establish joint venture with Brickworks, page-109

  1. 9,940 Posts.
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    Ok Youssef,we know bricksworks is a very good co.So can you provide a little more clarity,?
    - first has bricksworks announced agreement/jv/mou normally both sides say something?
    -when u say 50/50 equity stake are you suggesting the mou is for brickworks to take a 50% equity stake in FBR? (hmm more dilution )
    -just an observation from a distance,it appears brickworks has nothing to lose but i should image they will not waste to much time or money on this mou until the arm is proven to be 'practical' in the task it is designed for.
    -brick works are 'not engineers',i would like to read a co like komatsu,kawasaki who ever have decided its a viable piece of machinery?It still concerns me caterpiller walked away,If that arm performs the task ie speed etc etc and requires minimum maintenance etc etc  then Ash can tell me to go back to tls and stop filling in the fbr post list..
    But FBR needs to announce solid developments,not a potential brick supplier or mou which imo would be based on successful trials?.
    ps again like  many fbr posts  always an if or but ie 'but if it does go binding brickworks will have skin in the game'.
    sincrer glta holders,if arm trials successful i will go into hiding for a couple of weeks.
 
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