Ann: UTR Signs JV Production & Sales Agreement, page-19

Hello NoBode
thank you for your feedback.

Yes, I admit I don't post that often, and only if I feel I have really something to say.

About UTR and CR . .. well, last thing I remember their cash on the bank was something of 2.3 M AUD$ (last month ?) .. but I may be mistaken. I have a lot of things on my mind whether purely investing related or not.

About the JV.. I am not sure how to interpret the current agreement. Both parties have to do their part in order for the JV to succeed.
And I read into that that UTR has to setup the production line otherwise cancel out of the JV
(in my eyes it doesn't make sense for TPG to sell for 5 M USD in batteries if there is no production capacity therefore my assumption the money has to come from somewhere for UTR).

but perhaps your take on that is different ?
Looking forward to sharing thoughts

thanks !