Assuming we are right in that they have $50M in the bank, and given that they do not have any corporate debt to pay off until well in 2010, I cannot see them going under in the short term either, unless something totally random came out of left field at them.
I agree with melua that DBCT needs to be sold, but I am starting to think that a rights issue could come into play as well but they would need a prefs restructure (as we have already been saying).
I found it fascinating that the Euroports sale was only put off by 1 further month. That indicated to me that they are close to making this happen. A 1 month extension is a very short period of time.
BBI Price at posting:
6.3¢ Sentiment: None Disclosure: Held
