You all know I am bullish on BBI but I accept there are definitely risks. I see the risks as:
1. Not be able to sell assets at the right price to pay down corporate debt.
2. Credit remaining frozen for another year at least.
3. Something "unknown" that comes out of left field to terminate BBI.
Things have to go right before we see any significant upside. I weigh up the risks and then decide if the upside is big enough for me to take on that risk. At less than 5c, for me the upside is enormous. Instos have been the sellers the last fortnight and when they decide to sell, the price is irrelevant. Remember it's not their money.
WE NEED AN ASSET SALE BY CALENDAR YEAR END.
BBI Price at posting:
4.7¢ Sentiment: LT Buy Disclosure: Held
