What an absolute rollercoaster ride this last two weeks has been. A week ago many of us were high fiving Melua.
Ive been trying to get my head around the full scope and implications of the SPARCS meeting outcome, but my head is spinning and Ive given up for now.
I am of the opinion that the Corus Steel plant at Teesside will continue operating as I dont believe the UK Govt and Unions will standback and allow it close. I think PD Ports will be slightly negatively impacted by any survival outcome but the Tesco expansion due to be finished in August should offset any losses.
IMO the DBCT sale process is still our biggest issue at present.
BBI Price at posting:
9.1¢ Sentiment: LT Buy Disclosure: Held
