q's and response from management, page-11

Iwas a stockholder of stb and I spoke to Lorry at the last AGM and was told that the lease was bought for $1 and I was astounded.I asked him that it could be negotiated at a later date and he said that they were very honourable people and it would not.I also asked about corruption and he defended the Government and this deal to the hilt.It made me uneasy at the time.

What really lost me was the Ethiopia sponsored UN motion that went through sucessfully censoring Eritrea over support of terrorist organisations in the area.I sent an email to the company but did not get a reply.You cannot have a state as poor as Eritrea and trying to get a large capital intensive project of the ground and have UN resolutions going against it. You have to have instill confidence in potential suppliers of capital and you cant get away with saying that the project is so good that it does not matter what the Government does in threatening the peace and stability in the area