my analysis of today's announcements, page-35

1 more point.... what happens worst case.... seriously.

BBI fail to refinance an Asset specific debt. Do most people realise that the asset debt is non-recource?

Lets say for example, PD Ports debt is not refianced and the banks move in and fire sale PD Ports. Worst case scenario is there is no value. The debt disappears along with the asset.

BBI moves on with all the other assets.

This above scenario would have to happen with every asset. Not going to happen.

There is value here. The question is, how much. With a real world NTA over $1.80, even a doubling of the shares, and half the value going kapoot, there is still nearly 50c value worst case.

As I said, this is cheap, and there is value here.