I posted yesterday about my reservations on straight forward DBCT sale. This rumour confirms what I am suspecting, that they will get plenty of low ball offers but nothing they are happy to accept.
The only thing missing from the BBI scenario that AIO and HDF had is a rally based on sale speculation. Without this rally a capital raising would be catastrophic. I would think a 30c price would be a minimum for worthwhile capital raising and that isn't going to happen.
BBI Price at posting:
6.8¢ Sentiment: None Disclosure: Held