I agree Risk, I think his actions have been consistent with his...

I agree Risk, I think his actions have been consistent with his stated position and it's been a thankless market.

I'm wondering if there is a serious disagreement about how safe to play the capital structure from here - the board are sick of being priced for collapse and want another de-risking adjustment and JB is more bullish and wants to keep some leverage, let time pass and see what happens next. A complete guess, but it seems strange that having made significant progress in raising capital and cutting costs that he's being sacked now.

I'll guess that there will be another asset sale coming soon, probably K since it's higher cost.
IMHO of course.

Cheers
Pb