Yes this is a very big assumption, but that’s how I interpreted BBP’s announcement regarding the receipts of indicative bids in 22/12/08. Very high risk, as I stated, it cannot survive by itself, but if it gets absorbed by AGL or ORG they can repay BBP’s debt or roll-over to a cheaper rate as they have better credit rating. One main obstacle is BNB and their management contracts, but BNB is in position to play hard ball considering they have a few hundred million tied up in loans to BBP.
BBP Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
