We’ve opted for a different style of episode today diving into the world of mining corporate finance with Ally GC, getting into some 101 on all the different concepts and lingo.

We discuss how mining companies decide on their optimum project financing mix, how capital raises are priced, what happens on non-deal roadshows, what the hell a VWAP is and heaps more.

Stay tuned for Matty’s underground mining 101…

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(0:00:00)Introduction

(0:01:23)Debt vs Equity vs mixed for funding

(0:04:08)What is appetite for equity?

(0:09:48)Debt interest rates  +  hedging

(0:13:08)Behind the scenes in a finance firm

(0:15:08)Who determines if "scrip is good value"

(0:16:41)What is Wall Crossing?

(0:20:48)Determining allocation in capital raises

(0:28:25)Chairmans list

(0:30:06)Who sets the capital raise price?

(0:37:32)When do "options" get chucked in a capital raise?

(0:39:28)How quick is the bookbuild to raise closure process?

(0:42:11)Why is there so much competition for capital raises?

(0:44:30)Who choses the broker for a capital raise?

(0:47:18)Brokers networking and smoozing companies to get on the ticket

(0:48:23)Purpose of the Research division

(0:49:19)What is a non-deal roadshow?

(0:56:53)Tags when Fundies use brokers