My thoughts exactly micket...thisbis thenfirst time i think they have slecifically mentioned thr 50% slpit on revenue only...prior to it was always a 50/50 JV...now it appears to be a 50/50 JV on revenue side only and eqr bear all operational costs.
unless cronimet provided equipment at the commencement of the jv that are accounted for out of future revenue...but if that was the case we would be receiving the future revenue until such time the capital cost was extinguished.
regardless...it is far too murky for a listed entity that has struggled for years with lack of visibility on the operations
EQR Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
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