@Kookaburra:
> if you can put up a sound business case for 100% debt, and
> the banks will wear it, then surely this is the way to go?
Sure, and that's exactly the reason why most financing arrangments include an equity component. I am just saying that realistically there is a certain probability for dilution in one way or another. And if it happens I would appreciate a placement for existing shareholders at a discount.
Best to wait and see and trust managment to find the best possible option.
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