all non holders prefer a CR. thats what makes good entry buying/
Now its one thing to argue that there is a malaise during construction, but another to obscure the discounted value perspective, of where the MC is today, Vs the high confidence of earnings to follow. - with Nicanda Hill JV will have positioning by many conservative buyers looking for certainty of development.
Simply, with finance, with NH JV the confidence of what stock you can pull out of this mad case basket of ASX stocks to deliver, just went to the top of the pile.
And, the rational of waiting until production, well, you miss the boat of the rise in value from the finance risk discount being removed.
With finance in hand, and NH jv, there is no doubt we are worth a shite load more tomorrow, than we are without it today. And attract conservative wallets looking for certainty, where other ASX plays remain on paper.
Debt is better for EPS than large dilution.
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