will there not be some recourse debt attached to DBCT? If DBCT gets sold, then only the leftover cash after paying off the recourse debt will be available to pay interest and wages and also go against the corporate debt facility.
I don't know how much that will be, but then neither would anyone else, unless someone has this information and can post it?
There is a long long way to go for this one and I just cannot see any dividends or BEPPA being serviced until the corporate debt facility is sigificantly reduced. I imagine we will get a pointer on this at the anncmt of the 31 Dec 08 results.
BBI Price at posting:
11.5¢ Sentiment: None Disclosure: Not Held
