BBI is far less risky and will continue ASX listed life well...

BBI is far less risky and will continue ASX listed life well after BNB goes under.
If BNB resumes trading, perhaps selling BNB and switching into BBI at 3c might give BNB holders at least a fighting chance of getting their capital back.
Once BBI sell Dalrymple Bay Coal Terminal,they will essentially be debt free at the corporate level. 90% of their debt is non-recourse so with one asset sale they are pretty well safe from administration. At 3c, it might be a better option than BNB.