"Part of the remaining sum could come from an equity raising - of $135 million - although its falling share price and the resulting pressure for extra cash to pay dividends on the new stock will make that hard to pull off."
Kacy this is an article from smh
I wonder if this will be the straw that breaks the camels back
Doesn't look like an equity raising will work as the share price is too low and with higher interest rates and extra shares the dividend looks unsustainable
If it is then it looks like BNB will have to stump up the rest of the money as you say.
I'd say that if they have to do it on one fund they'd have to do it all the funds.
Wonder what that will do to BNB's share price?
anyway it all looks like a bit of a juggling act at this stage and no one seems to know where the money will eventually come from.
the whole bag of fruit looks like it is about to fall apart as far as I can see.
BBP Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held