great announcement for bbp holders, no doubt about it.....still a LONG way to go, earnings from underlying business have still been marked down twice this year
flinders operating contracts disposal should help
but this saves only 10million or so per year (i spoke with investor relations at length about this)
banks will most certainly demand higher margins in thier lending for bbp
hope it all works out for you guys, and i wish you all the best, nice to wake up and see an announcement like this but there are still major major challenges ahead, and that is why it is the price it is
great announcement for bbp holders, no doubt about it.....still...
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