putty- if you want to use rose coloured glasses , from memory at the AGM mark the auditor stepped up to the plate and verified the net assets at 1.92 a share at book value minus depreciation and alinta write down, since then uranquinty has been sold along with ecogen for 100 plus profit and 50 mill retained earnings over 6 months = approx. total 2.12 per share
the hard facts are there are no serious assets apart from those in the bbpf facility and to clear the bbph loan and the bnb loan they will need to sell at least half to release equity. there are some good assets in this pile and it just comes back to what people are prepared to pay.
Mark tells me that my holding is worth 3 ferrari californias but the market tells me a could buy a toyota prius base model if I sold today. Frankly I wish i never hard heard of Babocks and enterage.
BBP Price at posting:
6.8¢ Sentiment: LT Buy Disclosure: Held
