STB south boulder mines ltd

"The balancing 30% project equity required for initial...

  1. 1,328 Posts.
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    "The balancing 30% project equity required for initial Development Costs will be funded by STB. STB will be entitled to recoup 50% of this equity as a preferential payment from 50% of the Project cashflows (subject to ongoing funding requirements of CMSC) that would have otherwise been available to all equity holders"

    The way I understand it, 50% of profit goes to STB until 50% of their debt is serviced.

    Cheers,
    Wild Cat
 
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