COK cockatoo coal limited

Bit of reading while we wait ., page-4

  1. 19,434 Posts.
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    Any thoughts of the implications of COK also going into admin?

    Given Glencore cutting output how long before WICET would also go into admin, and would an absolute financial apocalypse on the only privately funded coal infrastructure to have been built in QLD recently see the government pull their fingers out?

    Surely WICE would have to go into admin pretty much immediately as there is no possible way it could fund it's repayments with only Glencores shipments?

    What then - Someone picks up COK, BND, WICET and for a cent in the dollar? Glencore? Adani? South Koreans?

    The money we piss away in this country only to have firesales to foreigners is unbelievable.
 
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