this is an excellent deal given what was proposed a few months back from the Eritreans. Basically the Eritreans are paying their way for their 50% share. Originally they were getting 10% free carried with a total of 40% ie paying for 30%. In some respects this is actually better for STB and we still maintain control with 3 out of 5 directors on the board for the JV company. STB should be back well above $1 in the next few months in my opinion. There is certainly a big bright light shining at the end of the tunnel now.
this is an excellent deal given what was proposed a few months...
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