Ann: Court of Appeal judgment released, page-30

thanks for the correction.
So $40m USD plus estimated $95m NZD(court loss) for approx 34000 tonnes of local trade coal (say at $70 a tonne so total revenue from this investment about $240k)
Does anyone expect them to benefit from this investment in the future or is it as I suspect money down the toilet.
Of course they still hold the rights to mine but is it logical to assume that may lapse when the permits do (2022)
Interesting to see what the company says about their future at the escarpment block.
Would it be fair to assume the balance sheet won't allow many options and perhaps shifting focus away from the BT joint venture might gone down like a lead balloon with Talley's.
Not to mention, if they were to mine the escarpment, they would have to share infrastructure, ports and rail, with their joint venture in BT mining.
Personally I think there is no chance they will mine the escarpment but not sure they will actually come out and say it.

IMO somewhat arrogant to embark on a share buy back scheme and invest $19m (from memory) into taking over equipment from a contractor to keep the work in house whilst this court loss outcome was hanging around.
But hey it's only money and perhaps they thought that they were "sure to win"

What an absolute mess.
Lets see what the company has to say.