UTR 0.00% 0.2¢ ultracharge limited

Ann: UTR Signs JV Production & Sales Agreement, page-12

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  1. 248 Posts.
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    Hi,
    I am a new poster on this forum. But it doesn't seem so positive I think.
    Why.

    In the JV, UTR would have to finance the production facility ?

    UltraCharge will then be required to contribute up to USD$3 million to establish a new production facility near Jakarta.

    3 million uSD$ = 4 or 5 million AUD$ ?
    Does UTR have this money or are we facing another capital raise perhaps ?
    Does UTR have a possibility for government grant funding ? If not, then I'm afraid we face a capital raise ?
    Who can shed some more light on this please ?

    Thank you so much for your kind feedback,
 
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