capital raising, page-7

BH - That is rediculous...the market cap is due to the current SP and the current SP is mainly due to the market conditions.

They have said on numerous occasions that they have been in talks all of their banking syndicates and have face no obstacles yet.

One key point you may want to note, which is why this is a blatantly obvious buy...many commentators are predicting a pick-up in all economies around the work in the second half of this year, which would mean greater confidence in banks to re-finance companies debts.

BLY's debt is not due to next year some time and they said they would be looking at it later on in the year.