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Hayashi , not sure either, need more detail.I read that as JV...

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    Hayashi , not sure either, need more detail.
    I read that as JV revenue from building walls .Used to calculate revenue based on hadrian utilisation rate.Comprehension clearly not my strong point.
    JV , profit going to loans and buying hadrians.
    Just as JV paying CRH for blocks as a cost I was hoping JV is paying FBR for WaaS services as part of building wall costs, but nothing in presentation to suggest that.



 
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