newsletter released, page-32

Hi dargie

One thing which a lot of people have never considered is the prospect of a capital raising by BBI sometime over the next 6 months.

I reckon if we get a major asset sale that pushes this back towards (say)20c+, along with any adjustment to asset values after the HY results then it is likely we will get an insto placement and SPP/Rights Issue to reduce some corporate debt further.

Naturally that would mean we can forget all about NTAs of $1. A lot of people here might see that as unpalatable...but I think it will be very much apart of the stabilisation plans of the company.

That aside I would expect that eventually BBI would move back towards 30c.

Coop