confidence in recap approval appears misplaced, page-33

"Although, if anything, they would want it to fall through the floor. Gives them an opportunity to mop up....."

Spot on. It is actually in BAM's best interests for the whole asset base to underperform in the short term. That way, they can exercise their options to buy all the assets extremely cheaply. They will end up re-badged in various BAM portfolios around the world. DBCT, a great asset of Australia, will end up being owned by BAM 100%. A great Australian coal port owned by a Canadian vulture fund.....and the politians have no idea. BAM would be choking on their breakfast with laughter.

I disagree dargie. BAM would not give two flying hoots where the new PIG price trades at. As long as they control the assets and therefore cash flow, the equity price is meaningless. They have stitched everyone up, even the instos who underwrote this. They are very, very good at what they do. Now let's see if they get it all voted through.
I stated before I think the SPP is poison. I still believe that and if (a big if) there is a quick stag profit, plenty will be taking it.