BHD 0.00% 22.5¢ benjamin hornigold limited

With GC1 holding about 39% in cash, is that $13 million odd, if...

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    With GC1 holding about 39% in cash, is that $13 million odd, if the odds of chasing this outstanding debt on BHD are so great well just get GC1 to make a cash takeover of BHD at 30 cents. Only needs to spend about $6 million to mop up BHD? For those in love with the BHD exposure and chasing debt just buy the GC1 at a massive discount to NTA for exposure? Would enable savings on directors fees not having to run 2 listed companies.

    maybe I have the figures wrong this off a quick glance in the morning.
 
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