On a 5 or 7 year fixed rate funding there could be a useful margin; I always remember Warren B," when others are fearful be......................................................"
Trek, From my experience in M&A including international and listed mining companies I agree. LIBOR has ( or is just about to be )replaced by a new mechanism as the banks were screwing LIBOR.
I believe in the opportunity. I said recently I Had a large position relative to my global portfolio, With the multiple prospects and the emergancing prospects I intend to double down
Me Thinks there also that there is some thinking going on in the back ground as to what info has been revealed and what is we do not know is going on in the back ground which has not been revealed; eg empire drilling results taking time to come trough .