Originally Posted by
Rabbi
Realistically, it is more likely receiver's fees will bleed PRC dry before the mine and assets are sold off. Even if NZO was interested they couldn't out bid a cashed up overseas miner if the mine was put up for sale.
At best they might recover their secured debt, while PRC shareholders won't get back a red cent.
A right royal gravy train for the receivers and probably a cheap coal mine for an overseas investor.
The strongman mine reopened 1 month after that disaster but this ones covered in so much 21st century regulatory red tape it's not funny. Why the hell should they wait until the Royal Commission is over to approve Pike for open open cast mining. What possible difference would it make but then it can't be sold until it can reopen and it can't reopen until after the Royal Commission of Inquiry.
Meanwhile the receivers will be charging $500+ an hour for services rendered and the $500 is a low ball park figure.:mad ;: