Ahjay
I agree a JV in the current climate is not likely to achieve a desirable outcome for EGO.
I would settle for a clear announcement stating the proposed date of the ERM dept financing arrangement with a clear vision of the of the way forward without a JV partner, if this is indeed to be the way forward. What I don't want is more of the incomplete and fluffy anns seemingly designed to alleviate shareholder concerns regarding their investment but actually having the opposite result.
Ally
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Why 100:1?, page-271
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