reserves, page-43

"If the cost of debt is cheaper than the cost of equity, why does having no debt make more sense? "

LOl - the cheer squad kill me - W.M comes out and says they have arranged a $109m loan as the preferred option to dilution at fire sale prices and arranges a loan at 7% a sweet deal that I wholeheartedly endorsed then he does a back flip and does a potential $170m SPP at $2.50 a short time later

? why change his mind unless the details , conditions of the loan are less than palatable.

And Now we have the old debt is bad thing re Sandfire

Yes J Taylor debt does make more sense !