not that irrelevant.. whether it's debt or equity, VMY will still need approx $340M capex before they can start making a single dollar from Mulga Rock
it will probably be a combination of both debt and equity, too much debt can kill off companies too.. eg. Virgin Australia was over a billion dollar MC with too much debt which ended up delisting from the ASX.
so anyway, you can be sure there will be more CRs to come..
VMY Price at posting:
14.0¢ Sentiment: None Disclosure: Held
