"I would like to see BBI use any asset sale moneys to reduce/clear these banks from their corporate facilities and leave themselves with a higher proportion of local banks as their corporate facility lenders"
dargie, BBI's corporate debt will be cleared until 2011 and if DBay is 49% sold, there will be such little exposure to any banks at the corporate debt level it will be immaterial and insignificant. I'll be speaking with my brother tonight and add any interesting points tomorrow.
BBI Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
