BNB babcock & brown limited

They won't let it go belly up just yet when there is a greater...

  1. 70 Posts.
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    They won't let it go belly up just yet when there is a greater chance of better returns via asset sales rather than administration.

    This will take a number of yeras to wind up / restructure. anyone remeber Bell Resources ? Years to wind up and BNB is probably more complex.

    It may however be delisted, but ord ahreholders will come last.

    A mate of a mate of a mate of a mate of a mate who's also a cabbie reckons all their best people have left / leaving which at the end of the day is critical to any recovery.

    MQG will be impacted next when they come clean. Staggered they are $31, absolutely staggered, in fact i'm Flabbergasted !! yes, yes, I know the mqg lovers will tell me how they're a different business, strong cash position blah blah blah

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    "Never take advice from a cabbie"
 
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