What is not as cyclical as the world coal/energy dynamics is the...

What is not as cyclical as the world coal/energy dynamics is the behaviour of receivers. Does this all look like a feeding frenzy or what! Dingo West was sold for transaction cost apparently, but why not, as it is a 'nothing to see here, move along' resource. Springsure Creek has now become unsaleable with market sentiment and Government indifference white anting any progress. Further, the administrative farce that is Bandanna/PBB/Korda/Macquarrie/Credit Swiss will be the death of any return to shareholders, but will bring significant returns to the legal fraternity. As for returns on a property sale? Prices paid were well above market values so don't expect any wins there, particularly after our receiver/managers take their cut. Credit Swiss get all that anyway. The sad thing is here was an Australian Company that set out to develop a resource and tried to do the right thing by all concerned. Is the lesson to just be a bastard like other foreign miners?