The Financial review states today that indicative offers for BBP are due 17 December with final binding offers due in February. Also makes some comments re likely buyers. As I have maintained, this will be the first BNB satellite out of the blocks, and hopefully a nice earner from current low SP levels, then look to focus on other grossly undervalued ops. My belief is the current market will continue to undervalue companies and thus no need to buy anything unless you see likely short term corporate action to bridge valuation gap.
Here's hoping for a great "BBP Christmas" and a prosperous start to 2009.
BBP Price at posting:
6.3¢ Sentiment: ST Buy Disclosure: Held
