deal done , page-5

Baron,

1. I hold no BNB so have no vested interest there, my postive outlook there is based on my observations. Likewise, I am dont hold CNP, but have made and lost some $$$ here in the past. I wont buy CNP again in this position or the foreseeable future.

2. "To answer your question every extension has seen a sharp rise in SP" - Unless you are talking about a 1hr spike immediately after the announcements, this is not correct.

Last extension announcement was made on the 2nd of June.

date / open / high / low / close / vol
10-Jun-08 0.33 0.33 0.30 0.31 9,612,100
6-Jun-08 0.34 0.35 0.33 0.34 4,931,200
5-Jun-08 0.35 0.35 0.34 0.34 6,854,200
4-Jun-08 0.36 0.36 0.34 0.35 6,420,300
3-Jun-08 0.36 0.36 0.34 0.35 8,522,800
2-Jun-08 0.41 0.42 0.36 0.36 29,851,300
29-May-08 0.36 0.40 0.36 0.38 23,032,200

Figures speak for themselves. Exactly the same happened on each occassion this year, except the fall in Feb was worse.

3. The US bailout with have a positive effect on the market in general. But in CNP's case other issues are at the forefront.

4. With regards to your comment about the banks taking a bloodbath, you missed my point about CBA. DYOR. Their exposure is 90% secured in stark contrast to JP Morgan and the other Australian Banks. As reported, this is why they went to the brink in May/June and had to be talked down by JPM. If it comes to the Dec extension, my thoughts are they wont extend again - specifically CBA.

5. Assett sales? What about the failed US sale and the extension this Tuesday.

6. I wish you well.