melua's friday musings, page-15

This is too complex a situation to predict when it will move and how much it will move. My reaction to the Wednesday move was that it was almost in the absence of bad news that's good news.

I must say that I was disappointed that I only held Beppa as i would have liked to trade but I am not into shorting anything as volatile as this.

I agree with everybodies comments but in reality Given that you can collar 100m between 8c and 17c I am surprised that anyone considering to buy DBCT does not look at the whole.

Surely if you are prepared to pay even 2BN than put in an offer for 50.1% to be issued and get all BBI shareholders to vote if you do it quickly you can repay Sparcs and Beppa is 3 years away.

The BBI holders would applaud you as you would sit with them in the sole goal of no more dilution.

Then you could do all things because if you had 1bn to play with you could deal with the banks in one issue. You could then take out the good bits and float those off into a new vehicle and leave the PD Ports and the rest to ride out the storm. The corporate debt is not that big as to kill this surely.

Am I reading it wrong?

Only hold Beppa