I was horrified when I first read your post imhardy, but I have...

I was horrified when I first read your post imhardy, but I have had two thoughts about it since:
1. If they had brought in more equity then holders would have lost some of the upside of the enormous revenues. The return is far higher than 18%.
2. It is essentially a bridging loan for the construction, very high risk. Would need to see the details but I'm sure the term but I would presume it would only be untill production comes on line.

Looks like they are also looking to maintain distributions, which I am a little torn about. When your paying 18% on a loan, distributions should probably be at least reduced. Mid you everyone likes to see that money every quarter.