Morning,
reported in AFR today that RBS plan to make a revival bid.
Given that:
1)maturities due next month can be dealt and not in bank's interest to invoke provisions which would lead to company's collapse
2) more than a couple of major parties are interested in assets of BBI and fees associated
3) companies like BHP are betting on a sustained resource boom which means assets Dalrymple Bay (with proposed capacity expansion)wil be become far more valuable
4)DOW and ASX on fire
shouldn't this be a reason to reject Brookfield offer and possibly see sp back where it could be above 20c
any thoughts?
Morning,reported in AFR today that RBS plan to make a revival...
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