Onyx, I know how you feel....
The problem we have is that the share price was based on PRC producing profits for the next 20 years. When that "earning potential" is lost, the share price usually drops to around 5-10% of its original price.
The new buyer will be buying the mine from us(the shareholders) at a bargain(for them) price - I would guess around the 5-10% of the pre-closure Market Capital price.
From this, the liquidators will then take their fee and pay any other outstanding debts.
I think we will be lucky to see a 5% return on our investment.
As I have said before, due to the limited coking coal in the world, sooner or later the coal in PRC will be mined. It could be in one year's time or in 100 year's time but it will be mined.
In a perfect world, the authorities would accept this inevitability and allow an open cast mine so that all the original investors and the mining families can benefit but as we live in this imperfect world, we will have to be happy with our 5% - IF we get it....
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