It is likely that those with the deepest pockets are lobbying...

It is likely that those with the deepest pockets are lobbying (perhaps even funding) the regulator.

BBI's threats of a capital strike may be hollow given the pending sale of the asset. It is likely that as part of the recent expansion of DBCT that necessary capital works have been completed.

It follows in my opinion, that the regulator is more likely to be loyal to the coal companies.

The value of the asset greatly depends on the people negotiating its sale. These threads will done an enormous service if anyone knows more about the track record of Macquarie Capital and the people running the sale process.

This is merely my opinion and speculation. Do not rely on it in any way.