i don't want to start an argument about what our peers are...

i don't want to start an argument about what our peers are doing. But to every management team out there, get your cost of capital right before you take up a high interest debt. My estimate for the current market's cost of capital is lesser 12%, based on future profit est vs share prices. For management to pick up a loan of interest rates anywhere above that just blows my mind. Heck, I consider anything above 8% as too damn bloody expensive because I'm only asking for a 4% FUTURE dividend yield, not even current. Yes I get that debt is tax deductible and how it can boost the ROE, but when your cost of capital is lower than your cost of debt, why would you raise your WACC by taking up the debt? The valuation of a business goes up when the WACC goes down, but for a management team to increase WACC on purpose by taking up high cost debt?? What in the world is going on with the whole WA Spodumene producers?