BBI need asset sales. My preference would be to sell as many assets as possible at book value or better but that will not happen. Why? If all the assets are sold and a company shell remains, BBI management will be out of a job.
Next best scenario.... SELL 100% of DBCT and 100% of PD Ports and clear that corporate debt.
The clear danger to BBI's survival is the GFC getting worse. If we had healthy, stable banks, BBI would be fine. In the current environment, no-one can trust the banks.
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