The administrators will get the best more liquid offer for BND's assets. Depends on how much interest there will be and how much the market is willing to pay.
My guess is Stanmore Coal, Cockatoo Coal, and the famous Nathan Tinkler will be eyeing on the assets once the administrators put a tender out.
I just hope the administrators don't fall to Tinkler and learnt the Peabody sale of Wilkie Creek to Tinkler turned out to be a dud.
BND Price at posting:
8.4¢ Sentiment: None Disclosure: Not Held