You might see a spike then a dump or a dump then a spike but BNB now has all the ingredients and potential to successfully come out of this situation otherwise the 25 strong bank syndicate wouldn;t be saying "here is another 200 million".
Assets sales already planned, slimming down, staff to go etc....I believe we have a solid chance of seeing BNB climb back to $3+ if asset sales please the banks...but we'll know in a few weeks I assume with how they are going with them.
I haven't seen a company facing administration though be given $200 million to carry on business and slim down costs and assets...lot of faith from some strong business teams who would have had a microscope up BNB's bum....so they know a heap more then us.
Red? I doubt it..but if its going to less then 25...I'll get a lot more then I currently expect.
Good liuck today all.
BNB Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
