bnb is taking off..... full 1p rba cut, page-19

OMG - "can you explain to me ho you came to the conclusion that a 1% cut by the rba would stick a rocket under bnb"

Actually I didnt say that, I said it was taking off. Because at the time of my post and the rate cut it did start to take off (from 1.30 to 1.40). I have said nothing about the dow or dow futures.

That said I disagree with you that the rate cuts will not help BNB. Rate cuts are designed to free up liquidity and bank to bank lending. This helps BNB and its potential buyers for its asset sales.

Everything else of course you are right on. The main thing BNB need to do is deleverage from selling off some assets, hopefully at a good price. I think the reason why this has been slow is a good reason..... they are not stupid. Right now is not a good time to sell assets. I think as things settle down we will start seeing more announcements of asset sales from BNB. From what I remember there is no compelling urgency for them to do this immediately, so they are doing the smart thing and waiting.