aet&d notes - ex-beppa holders, page-2

Thanks for the post.

Do you have an email address for Paul? (note: if this is outside of hot copper rules then pls ignore) as I would like to know how the process is going and some timelines.

The following may help put some $/ BEPPA around all this for you.

An article ex the AFR around a month ago was claiming "Good news for BEPPA holders who will take cream from any AETD sale"

My quick analysis (for info only) shows....

Asset value ~ $2bill (ex BBI financials)
less 65% debt $1.3 bill (assumed by AFR)
leaves $700 mill

less $500 mill corp debt
Less $50?? mill selling costs

say ~ $150 mill or ~ 20c / BEPPA

Hope this comes to pass as many BEPPA holders still owed plenty - including a payment for pain and sufferring :).

Timing

Article also mentionned Prime is in a rush to sell before Jan 2011 !!!!

Hey - wait on, isn't the sale meant to deliver max value to BEPPA holders???? - l.o.l

Indicative offers due 18 October (which I think has been pushed back)

Due diligence follows with Binding bids on Nov 2.(which I also think has been pushed back)

Hope the 20c comes in to the coffers - but based on the past performance of this lot ....enough said.