Did I read the Seeking Alpha article correctly that it will take two to four years from time of production to just pay off the loans? It could be several years before shareholders see any royalty from this trust.
That makes no sense. The loan is only roughly $800,000 at this time. That's the royalty on less than 600,000 BOE (based on the back of my envelope). Also, the loan payoff amount is limited to 8 percent of royalties in any year.
Buy a few units and get the financial statements. They make interesting reading.