Linc divests conventional coal, page-8

Was it worth waiting years for?

I can picture a negotiation process that might have happened......

2011
Linc - this asset is worth $1b and thats freaking cheap in this market.
Buyer - I will give you $500m, you need this money
Linc - get lost we are not that desperate

2012
Linc - Hey you wanna buy that coal mine - you offered us $500M and we are happy with that.
Buyer - I will give you $200M - you need the money
Linc - get lost we are not that desperate

2013
Linc - Hey you wanna buy that coal mine - you offered us $200M and we are happy with that.
Buyer - I will give you $50M - you need the money
Linc - Get lost we are not that desperate

2014
Linc - Hey you wanna buy that coal mine - you offered us $50M and we are happy with that.
Buyer - I will give you $10M
Linc - Get lost we are not that desperate

2015
Linc - Hey you wanna buy that coal mine - you offered us $10M and we are happy with that.
Buyer - I will give you $5M - you need the money
Linc - sounds fair but how about some royalties down the track one we have become insolvent as a bit of a sweetner for the announcement?
Buyer - deal.