*short Elaine** * On Wed, Jun 4, 2008 at 2:50 PM, Joe Grunk <[EMAIL PROTECTED]> wrote:
> - Rumors are going the round that BNBR, the 35% owner of BUMI might do a > sell-down of a 3% stake in BUMI to raise money. > - BNBR is still trying to fund around USD 800m through either a bank-loan, > debt, > > or in the worst case situation a sell-down in assets. > > - Our analyst view is that they should be able to finance that through > loans or > > debt, and that a sell-down is not necessary. > > - Coal plays, including BUMI, have been weak this morning as sentiment > > > has turned thanks to the Chinese coal names. > > - If there is any selling on fears of a placement, it is creating a > > buying > oppor > > tunity. > > > > ---------------------------------------------------------------------- > > ---- > ----- > > The content of this communication is subject to CLSA's Legal and > Regulatory Notices,which can be viewed at > https://www.clsa.com/disclaimer.html or sent to you > > upon request. > > > > >
