re: Ann: Boulder Steel and ABS sign Framework... Roo Roo G'day,
Under Agreement 1 for example:
ABS have an economic interest of 70% while Boulder 30%
Since ABS will be responsible to secure all debt funding by borrowing from somewhere, ie. come up with all the money, Boulder will need to service 30% of that debt be that interest payment or whatever comes. That's my interpretation of the announcement. How that interest is going to be paid and over what period and at what rate, I guess is between ABS and Boulder.
Of course these are my own interpretation only, however I couldn't see it to be interpreted any other way.
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Ann: Boulder Steel and ABS sign Framework Agreeme, page-32
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