babcock & brown infrastructure's (bbi) dalrymp, page-19

Not sure if the Fin review article last Friday has been discussed here as it is almost a full time job monitoring this thread, but the atrticle really touches on what I still see at the major risks on BBI.

"Elsewhere in the infrastructure space, there's murmurs that the miners consortium looking at Babcock & Brown Infrastructure's Dalrymple Bay Coal Terminal may have run into some trouble. The consortium, at the time advised by Investec and which included a handful of miners such as Xstrata, approached B&B Infrastructure earlier this year with an offer for the port.

In some regards, it's not s surprise interest is said to be waning given the cash crunch miners are facing as commodities prices tumble."

I guess the risk here is the bookvalue that these assets sit on balance sheet, might be somewhat difficult to achieve.

Kiril.
Kiril