With the $118m Loan to be extinguished at years end and the $174m Loan to be repaid by Sept 09, I don't see why they have to sell at all.
The EBITDA forecast of around $350m pa should see both of these loans extinguished before June next year, freeing up an extra $25m per month to apply to other Loan Facilities or Dividends.
If they do sell, I hope they get a good price and not pander to the Market for a fire sale.
BBP Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
