There are no rules around that they can and can't do with regards to funding one before the other but you'd think it would be prudent for the lender/partner to make sure they're funding a project or asset they own and control.
To be honest, I hadn't even considered this to be a reason for the funding but now you've got me thinking. If someone has lobbed an offer for a 50/50 debt equity package to get construction started, it would literally be the best possible news we could expect outside of a full change of control. But that's pipe dreams right now.... I think.
ARS Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
