FYI WSJ Reporting Allegiance's U.S. Coal Mines Tap Lender Cash to Avert Shutdown, page-21

I guess there's always hope.

But the situation looks complicated:

AHQ is in dispute with its creditors (Collins Street) and major tenement owner (Warrior Met), over loans and royalties which it cannot afford to pay. I assume AHQ suppliers will now begin to demand upfront (rather than end of billing cycle) payments. All the turmoil and uncertainty will make it much harder for AHQ to source and retain staff. And meanwhile (AFAIK), the company has not secured any coal sales for the current quarter and has barely any money remaining (it needed to claw another $1.7M to meet its payroll obligations). To top it all off, the company has become embroiled in legal stouch with CS.

The icing on the cake would be an ASX / ASIC investigation into AHQ's questionable disclosures. Wouldn't be surprised if we hear something about this next week.