2. Also no idea, it's the $64M question. I'm gambling on a good outcome, no increase in margin given they are already paying 8.8% and ICR is already above lockup range.
Given they are in review only and it's not an actual breach and the recent developments the banks would have to monumentally audacious to accelerate the loans which would be an obvious play to steal shareholders equity.
I'm sure none of this is new to you. This is not some fancy highly engineered investment vehicle, it's a simple company generating cash. It just has gearing too high but not fatally so in an idustry with high barriers to entry and probable future revenue increases.
BBP Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held
