hedging reduced , page-4

What else do holders take from it? This obviously increases the certainty of BJT unit holders receiving the full book value of their units and distributions over time. The cash flow to cover all obligations is much more certain now, and significantly lessens the short term need for BJT needing to raise capital or sell something at a not so good time to sell.

Some issues about distributions. I personally think it is planned that dists will be paid out as extra units rather than cash. I approve of this, as using this cash to pay down borrowings again further increases the likelihood of unit-holders holding units at book value in due course, and gaining distributions worth about 12 cents per annum or so.

The book value recently was $1.75 per unit. I imagine this has gone down due to the rising AUD, but not by much.

Great news!