GREY:EDYYF - Post by User
Comment by
TriumphSpitSixon Feb 28, 2020 12:20am
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Post# 30744845
RE:RE:RE:Imaginary Ghana Asset
RE:RE:RE:Imaginary Ghana AssetThe land definitely IS an asset of the JV. They are just contractually limited in what they can do with that asset. Otherwise EHT would not be able to recognize their 70% share of its value on their books. It will be used 1.) as collateral to secure the funding for the construction project and 2.) as the situs for the homes and related infrastructure.
SIutteringJoe wrote: The homes are not really funded yet are they? The land is not really a aset as EHT can't sell it for anything.My guess their are all kinds of hurdles still to come.