Champ, cost of doing business with a bank. CBA have been incredibly supportive of CCU, picking up the tab when DB piked on the deal, and now they are staring down the barrel for $25m? so they want a bit of reward built in for their risk now.
Dangers of debt financing for a mine. Remember how all the holders were trumpeting how good it was to have debt and not dilution? Now CCU has both, and is beholden to the debt-master.
CCU Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held