the reality

I have read Michael West's writings for sometime. In News and now in the Fairfax group.
Michael aims straight for the sensationalist view. He departed from this ONCE that I know of...

He praised P Green after the BNB interim report in Feb , but by the end of that week you could see that MW had wondered 'what am I doing'.
Praising , that is not my go.

But the good news is that MW provides an alternative viewpoint .
Today there are a slew of commentators on BNB.

The basic message is :

BNB wants to set itself as an OPPORTUNIST ........

not

AN OPPORTUNITY

and all invested parties are in the tent...

Banks (including new banks) have renegotiated facilities at little interest ABOVE CURRENT (existing rates)...surely a telling indicator

BNB community.............a new placement

Employess...Bonus 50-50 Equity in BNB and cash


....end result

$1B war chest


and MW never mentioned any of this............