Nothing is safe, page-20

Little wonder she went under - you just cant raise capital when fund managers and institutional investors read your administration costs running at $3.0 million per quarter- yep folks that $12.0 million per annum - no matter how much you got in the bank (uncommitted) or how good your coal assets are they just wont touch you. Poor management - and the past directors need a good kick up the a for falling for the old 3 card trick of take or pay signed off on in the coal hey days of 2010/11. The assets will drift off into never land and shareholders funds (what's left of them) will be burnt up paying the debts and the administrators. Was inevitable it would end up here - CS have had all of their coal investments on the block for years and no takers.