Persistentone; cheers, let's hope management sees the light.
Enumerate; converting from gold to zimbabwean dollars cannot be compared to converting from BEPPA to ords because Zimbabwean dollars do not carry any relation to the gold. Ords represent a slice of the gold.
Rather, the ord is like a gold standard currency (eg. pre 1970s US dollars). Dilution of EXISTING HOLDERS OF CURRENCY (or BBI holders) would be caused by either (all else being constant) printing money (no pun intended); or, depleting gold reserves.
Please note that whilst the technical accuracy in my analogy may be inaccurate, it demonstrates the essence of what BEPPA holders get upon conversion. That is, BEPPA holders are entitled to $800m worth of the GOLD RESERVES (ie. assets) payable in gold standard currency (ie. BBI ords) or GOLD (ie. the most liquid asset, cold hard cash).
This is merely my opinion and speculation. Do not rely on it in any way.
BBI Price at posting:
7.1¢ Sentiment: None Disclosure: Held
