looking at the facts

It's a shame when you let the facts get in the way of a good story...

The key to BNB's survival will be its ability to sell off assets and reduce debt, no brainer there.

The latest info released to that end would be the Appendix 4D and Management Discussion and Analysis on the BNB website.

31 Dec 2007:
Total assets: 15.6 Bil
Total liabilities: 13.1 Bil
Interest bearing liabilities: 11.4 Bil

30 June 2008:
Total assets: 14.2 Bil
Total liabilities: 11.5 Bil
Interest bearing liabilities: 9.6 Bil

So in the six months to June this year, we can assume BNB has sold 1.4 Bil in assets to bring their interest bearing liabilities down 1.8 Bil.

That seems to be a reasonable rate of debt reduction, in my humble opinion.