lot higher than 12 imo. But as Fluffy use to say...the devil is in the detail.
It might do a CNP and go up 10 times its price.
A debt for equity swap might occur as suggested or asset sell down and time to pay....we'll find out shortly but I personally think BBP will have some legs also and after today's news, a lot more will probably venture in for a stake.
Once 10c is cracked...I think we'll see some interesting trading as the deal could be announced at any stage from here till the end of October.
I'll take a small stake I reckon as even though BBP put in a disclaimer as their last paragraph saying a deal could also not occur.....imo...a deal will come out and BBP will survive.
Price wise..deal wise...hard to say until we know the details but looking at CNP...I'll go on a limb and say above 20c easy if its similar to CNP's deal.
BBP Price at posting:
8.1¢ Sentiment: None Disclosure: Not Held
