re: Ann: Trafigura Warrant Exercise and Kipoi... TM,
I am trying to understand in this case why debt is cheaper than equity? Sure it dilutes the existing shareholders but so close to mining, assuming the profits are on the way, the stock will get re-rated back up. We won't need to raise anymore capital in the near future because of the cash flow.
Thanks in advance
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- Ann: Trafigura Warrant Exercise and Kipoi Funding
Ann: Trafigura Warrant Exercise and Kipoi Funding, page-9
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