Thanks for posting that Samizdat.Still a long way to go but it...

Thanks for posting that Samizdat.

Still a long way to go but it appears we should have a little bit more confidence about getting a solution than last week.

This para was interesting:

“It is apparent that, unless the senior bankers and the NWS joint venture partners are prepared to make concessions, BBP will struggle to survive. Any restructure would probably involve an element of debt to equity conversion, but that's also a fine balancing act, because if the banks want too much of the equity it would be difficult to find any parties willing to inject needed new equity into the group.”

I think we will see a little bit more dilution in sorting this out, but hopefully they get the fine balancing act right and don’t slaughter us current shareholders in the process. I am so glad we don’t have Beppa’s in this situation like BBI holders did.

Well hopefully all is revealed in a few days….