is this being capped ....., page-5

the CRE announcement would also have limited upside.

I have had a rough and ready look at cashflow based on public info and I would say they still have $30-$40m in cash even after paying the $20 for CRE top up.

It therefore would require another 20% drop in portfolio before they run into serious trouble. In the meantime one property is due for settlement early April which should bring $20m cash. This would mean a 30% drop in CRE before they had problems cash wise

Yes touch and go but still looking to srape through. Considering at 13c their share cap is only $46m , still looking good risk/return wise.

Also note BNB comment on release of them buying in that they have
"the expertise on the ground to understand the curent dyamics"