RE: RE: I'm not impressed by Magma or RamYou forgot about the 14% TCW Loan, now the EIG Loan (as TCW changed its name). It still has all the old loan conventions, as a result, the actual interest rate is well above 14%. Then there's the low ball BM-1 PPA with Nevada Energy (NE) of about $76+ per MWh, with a 1% annual escalation over 20 plus years.
I wish that they had another JH Loan to obliterate the old TCW Loan and they find a way to stop NE from hurting an other wise good company such as NGP.
GLTA Longs