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I wonder if Lon will be able to borrow some cash to cover it's seven billion debt facility that expires in not to long from now on , or will they once again issue more shares ?
They should offer more shares and enter into more of those BEE deals just to push the price up.Share holders' capital even though it has less leverage but it has less claim risk (debt to pay debt) for the company since the risk is transferred to the shareholders. Most of these deals are aiming to buy for long term.