50 M CAPEX REDUCTION COMING WITH A SMALL DELAYIt looks like the partnership with Oiltanking could generate savings in upfront capex of around 50 M USD. Reducing the expected overall capex from 180 to 130 M USD.
As stated by Mr Clarkes in a previous news release , this will be to the benefit to all GIII shareholders by reducing to the maximum the possible dilution be it on the private company level or at the public company level.
Nothing less than an excellent move from this management team even if this could come with a small delay of construction and production of a few months.
All the rest is noise Mr Schoener or Mr Freezer.