BBP 0.00% 9.5¢ babcock & brown power

bbp falling on low volume

  1. 263 Posts.
    The constant fall since the announcement of the extension of debt renegotiation has been on very low volume and i tend to think that it is nothing more than people getting impatient and not wanting to hang around for the end game.

    The big players are still holding firm and i am pretty confident that we will get either the debt renegotiation or a full takeover.

    Any thoughts out there as to which it will be?

    I tend to think the board is pushing for the renegotiation but if that won't get through they will be forced into accepting what is possibly a quite opportunistic takeover offer. Or they may be trying to renegotiate the debt in accordance with a takeover proposal.
 
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