dud? updated price expectations please, page-25

That was a interesting debut today. I am sure that BAM has engineered themselves in at a decent price.

Given that $5.08 was their entry price, $4.21 does seem to be a significant discount. We are really relying upon whether BAM got themselves a good deal at $5.08 or not. Right now that is a bit of a 'faith' job until we can get a set of updated accounts and that is probably several months away I expect.

The key for the new BBI to progress again is getting its credit rating restored a notch or two and enabling the cashlfow from its assets to flow up the chain to the corporate level again. That is going to take a while to achieve I expect.