proposal to privatise brz, page-5

Firstly, they market has already factored in it's profit downgrade. They would only get hemmered if they released results that are far worse than they predicted a month or so ago, which is highly unlikely given it is almost the end of FY. Secondly either way you look at it, at the moment buyers are lining up above $0.80. They are very few sellers at present so the market is quite happy to buy this stock at current levels, it will probably go above $0.90 tomorrow. Even if the price does come back, assuming the privatisation goes ahead, the worst you will do is $0.78, given the current bid.

Cheers

Bazza

I hold BRZ