Taking this article at face value - NHC's reputation might take...

Taking this article at face value - NHC's reputation might take a battering, so this might raise the bar on other permit applications by NHC entities unfortunately.
http://www.copyright link/business/how-new-hope-earned-its-acland-smackdown-20170601-gwiale

The journo states "The Land Court's wildly unusual blanket rejection of the New Acland extension paints a picture of a miner that has been less than frank with its stakeholders, including the court."

Read more: http://www.copyright link/business/how-new-hope-earned-its-acland-smackdown-20170601-gwiale#ixzz4inHawDKt
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I wonder if this could lead to a class action from shareholders? The SP has fallen from about $6 in the early stages of the application process to $1.60 ish. That is a huge loss for some shareholders over a long period.