The situation is very complex but there are lots of benifits of keeping the company alive.
Large tax losses, signed of Canada native title agreement, not having to go through the cluster f* of insolvency. Management need to sort out the rail haulage agreement they signed and get a favourable outcome for the coal baron who wants to buy out at 2.3c. Management want to get this done to get their bonus.... Big Risk... Big Reward.
Edit: carmick you will have some good capital losses to offset your next big winner. There is always an upside. GLTAH
Fortune favors the brave!!!! Any buyers at the moment?, page-3
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