Ann: Quarterly Activities Report , page-4

The 30% sale of Hume will do absolutely bugger all to get them back on track.

It's for $10M or something, right? That'll last them two months at current cash burn, and they need ~$100M to pay off their debt and then another ~$300M to fund Baralaba.

Equity not an option at this SP. Debt not an option. Interest in the asset at an all-time low due to coal prices.

Hard to see how this one will have a happy ending. :(