The tasmanian assets are a white elephant. Nobody in the...

The tasmanian assets are a white elephant. Nobody in the industry wants them I am told.

I cannot see what all the fuss is about. BAM are giving you 43 cents and the upside if there is any extra and an independent party to oversee all of this.

Would it not make sense from a portfolio mgmt point of view to hold your BEPPA through the restructure and therefore be on register at conversion date and get the extra upside if it comes?

What is being suggested seems to be a very risky approach to it all.