Now that the shorters have successfully installed a level of...

Now that the shorters have successfully installed a level of panic amongst shareholders with long positions I wonder what the contingency plan is, if the Springsure mining lease is not granted (which I don't believe will be the outcome). Bnd would still have 120 million in cash, 4mta port capacity at wicet, south gailee basin and dingo west sites. If Springsure was turned down, the other potential sites in the Bowen Basin would also be off limits. There would be a ripple effect through the sps of all of the other companies with mining leases in strategic cropping zones. Could freak out a lot of potential investors in Australian mining and turn out to be a bit of a pr nightmare for Newman.

Would bnd move its focus to the south gailee site that borders Gina's and Clive mega mines. The capital expenditure for gailee is significantly higher than Springsure but it may be a more attractive investment now with the qlds government incentives, including lowering royalties. The smaller dingo west coaking coal site could provide some initial funds in the medium term but bnd and their partner would still need to find an investor/financier who was willing to put up a few billion (total investment of 4 billion).

Or would bnd loose heart with the whole thing and return the 120 million minus expenes back to the shareholders. Maybe return to the oil/gas exploration. It seems they sold exploration resources in the cooper basin to drillsearch in 2010. I wonder, if they can ask for that back.