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1,237 Posts.
32
16/11/11
13:46
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Check out the finances of BPT with this takeover
100 million in the bank (currently)
76 million to T/O ADE plus brokerage and fee to Macquarrie and lawyers?
24 left million in Bank minus brokerage & fees?
Access to 145 million option facility Commonwealth Bank (at what % rate what happens if europe crashes and bank costs go up?)
$200 million required for future Programs of work.
Leaves shortfall of 21 million dollars. So maybe a capital raising by BPT on Shareholders or a farm in agreement only if ADE T/O complete.
I hold like you guys until told otherwise by ADE, I feel the game changing.
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