RE: BMN zero debt5 Nov 2018 23:36
It is complete nonsense Serenus - of course having zero debt is good. I am pleased that FM and company do not pay any attention to those who suggest that you should always load yourself up with debt, even if you don't need it.
Such financial 'engineering' is unnecessary risk taking when you have a plant that is essentially printing money. Look at Largo - if the price of Vanadium had not gone through the roof in the last 18 months they would still be labouring under a debt pile of 200Million USD, and that is with the best ore grade in the world.
Maybe one day we will take on some debt to build Mokopane, but if we don't need to build Mokopane until we are ready then there is no need to overextend ourselves now.