It is straight along the lines of my gut feelings of the future distributions of AETD value, there will be little of it left after costs and fees. From BAM pov. why give something up so easily if it is really worth something ? hmm.. The only bit they know they can have out of AETD is the Tas Gas network, another juggling performance no doubt, that would have been simpler if the NZ wool was over everyone's eyes.
It will take some watching from Bronte and friends to see that the distribution by the number juggling clowns is fair enough to remain out of court and that is about as good as can be expected these days, unless....
Another upside factor is how many of BAM's friends have Beppas and stand to gain from a good distribution, (you have to be nice to friends somehow of course). Seeing as over 65% of Beppas have been through the market since the first CSI announcement, this could be substantial melua.
The upside for BAM is a little kudos at MQC/Jeff's expense, I suspect this was already factored in as the sweetener we can easily afford to *stay out of court for*. All Bronte had to do was MQC/Jeff/BAM's tactic of sit and wait for the right time, ie. until the prospectus claim denial had MQC/BBI's foot stuck firmly in their salivating mouths.
There is very little love in this deal except perhaps between New Zealanders ....... ..hehe..
what a performance, I don't know how anyone can claim to be bored watching this unfold....
ifandwhen
holding beppas
BBI Price at posting:
3.6¢ Sentiment: Hold Disclosure: Held
