"I'm not sure why they think the place will be profitable again,...

"I'm not sure why they think the place will be profitable again, or even ever reopened !!.
They have the same mob running the place now as when it first went flop so why do they think it will be better now?. They need new managers if it is to ever get going again."

newmember1212 is obviously a new to AEJ.

Redbank Energy was profitable at the time the creditors moved in and ASX trading was suspended. The problem with Redbank was the excessive level of debt that the managers inherited after the break up of Alinta. They did an extraordinary job of keeping the company alive as long as they did in the circumstances.