I wanted to bring attention to a passage from an article on BBP that appeared in today's AFR. The excerpt reads as follows:
(Saying of BBP) It is saddled with coal-fired power stations that are tough to sell amid stricter emissions laws, and news that lenders might be willing to offer easier terms is a sign the banks have little choice but to co-operate, according to analysts.
"That's their saving grace: the banks can't pull the plug," one analyst said. "You can't sell coal plants. The banks have to work together."
BBP Price at posting:
7.1¢ Sentiment: Hold Disclosure: Held
