beppa redemption

Dargie,
You stated that BBI could not repay BEPPA in 2012, do you still think that would be the case "if" BBI sold DBCT at the $3bn mark and as sugested corporate debt did not require to be paid down on NGPL. This would give them a lot of slack to deal with BEPPA. Dilution further down the line is a bit of concern for my BBI holding.
Obviously 2012 is a long way away but Im looking at forward earnings and $180m to $280 looks like where they will be this will dictate the value of BBI, but also depends on the amount of shares on issue then.