Black Hole
Previously you mentioned your margin a/c was at 1.5% over LIBOR. Can you verify that, as I was under the impression that LIBOR (the London Interbank Rate) was predominantly a commercial rate.
Is it possible that your's is 1.5% obove the "official RBA rate"?
Just asking.
In any event, the cost of the loan interest is considerably cheaper than the long term cost of capital if they did a massive cap raising and share dilution. It is a far more cost efficient exercise from the shareholders perspective.
why?, page-34
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