KrazyOldFool,We still don't know how much PBD stands to gain...

KrazyOldFool,
We still don't know how much PBD stands to gain from their investment in Burwood or Annandale and consequently whether it is a deal that has potential to improve the company's bottom line substantially.
We do know that they borrowed $12M for Burwood which has to be paid back within 3 months.
Where are they going to get that from?
Not from Oceanique sales! Also there will be no income from Annandale or Burwood for a long while.
I suspect they have some news in the wings.
That is, someone is lining up to make an offer on Esperance, or even Point Grey.
They must know they will be able to pay that $12m back some way.
Currently that new debt negates the $12m debt reduction achieved through the last capital raising. As a result the company's financial position has only improved marginally.
At the moment its only potential income is from the sale of assets that,up to now, have not been shifting even with intensive marketing.
This is why I suspect some major sale must be imminent.