Depends on whos decision to bring administrator. Also...

Depends on whos decision to bring administrator.
Also shareholder has no right to refuse creditors decision, they can either inject more money to pay LC. And if they can not, Creditor can send company to VA or asset sale.
I dont believe COK will back to business considering the current coal price. ANZ will act now to get at least 10m cash in the bank plus money from sale of asset (wont be much as coal price is too low, look at SP for all coal companies, its hard to find buyer these days)
Remeber, COK coal mine bearly break even, which means company is still burning money , 10m in bank wont last long. That's why ANZ wont provide any LC .


Big loss on BND, COK this year.