RE: expensive debtthis is not expensive at all. the typical "finding fee" for Lundin Group is 5%. plus you need to consider up to 10% discount to the market price for an investor to have an attractive entry. so if you did a secondary you had to issue about 50m common shares to raise $50m.
the way it was done it costs LUC 9m-10m (depending how you look at it) for 2.5 years which works out at 7.5% p.a. which is sweet for a company of this size and growth stage. in fact it is close to unbelievable...very bullish