"If the cost of debt is cheaper than the cost of equity, why...

"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 !