"The reverberations of the broader market and debt impact have been felt already."
We need the banking system stable. It's far from that now. The next three to six months will be critical. Once the risks for BBI are eliminated (corporate debt), the BBI price will not be 8c. Those who are prepared to invest when the risks are greatest will be the ones who are rewarded the most. That's why you will not see insto buying down here. They prefer to pay much more and be surer ob BBI's survival. Hopefully, we'll be selling to the instos at $1 in 2010/11.
BBI Price at posting:
8.4¢ Sentiment: LT Buy Disclosure: Held