tomg2009
I don't believe ECT will sign a jv under the same conditions.
For starters ECT will now have full rights to the ARUP drawings - hence why ECT will be engaging ARUP on their own. With Tincom, the ARUP drawings would have been owned by VCPL - whereby ECT would have had no more than 50% control over the drawings.
Secondly, ECT will not be giving another party exclusive rights to coldry pellets for the first 100m tonnes.
Thirdly, ECT will be aiming for a lot more than 10% equity share in a joint venture.
The market did not embrace the Tincom/ECT terms. This was evident in the share price over the past two years.
I am sure this time the market will value the share price accordingly, if ECT can achieve better terms and a more reputable partner than before.
tomg2009I don't believe ECT will sign a jv under the same...
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