Nah nothing embarrassing about it for Oaktree. The are a global...

Nah nothing embarrassing about it for Oaktree. The are a global alternative asset manager, they would love to own the management rights for the Blue Sky water fund and use the Blue Sky infrastructure to setup Oaktree Australia - all for a pittance.

Oaktree wouldn't have loaned the money if they didnt want the assets, remember Oaktree loaned them $49 million (took a $1million fee out of the $50mil for laughs) and here we are 5 months later and - if Blue Sky breached the loan covenants - Blue Sky has to pay them back $90million.

Ripper of a deal if you think about it.