BNB babcock & brown limited

I think we need to simply get to a point where it actually...

  1. 4,510 Posts.
    I think we need to simply get to a point where it actually trades again before we can start debating the price.

    I suspect this will be suspended for a good while yet while these debt for equity deals are negotiated.

    One thing that is helping is that the BNB situation is actually worse for the banks than it is for the shareholders and bondholders. The banks have way more to lose. I suspect BNB are negotiating with them quite strongly.

    I am actually not getting tired of the waiting any more. In fact they can take as long as they like.
 
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