I mentioned before this report came out that my suspicion was that all the "free" cash from not paying distributions would be lost in extra funding costs. I was encourage initially seeing 300M debt paid down but Melua is right, 99M free cash they are walking a tight rope.
SP is irrelevant to value 1c can be expensive, NTA /price x number of shares. The big risk is number of shares is going to get out of control. SPARCS is a massive issue, forget 2012, 100M at 3-4c would be a disaster.
I hold some BBI but wish I had got out at 13c, got greedy and put my sell in at 15c. At 9c I will hold on for the chance of a better outcome. Still happy to hold Beppa.
BBI Price at posting:
9.0¢ Sentiment: None Disclosure: Held