I think the key issue is that this buys significantly more time to deal with asset sales, and removes uncertainty. If this has been agreed with major holders, then best guess is that it will go through ATM.
The benefit of extra time is that it allows the company to squeeze out the right offers for assets. Whilst asset sales may then take more time to get a better price, and our roller coaster ride will be longer, it is a major plus IMO.
It is one more element of uncertainty that has been removed, and it has also allowed us to understand the real value of BEPPA.
BBI Price at posting:
3.7¢ Sentiment: Hold Disclosure: Held
