Half baked facts. You can say Indonesia output fell off a cliff. So does export to China.
I went out of ANR and ACI while back. I knew ANR management is shady. I was long BTU.
I am giving up plan for buying another house due to BTU. Thanks to my bad luck.
I do know a bit of financial having MBA. $BTU is far far from bankruptcy.
Only thing is what management wants.
Unrealized NG assets are worth 1B+.
Unless management is in bed with bondholders like $NIHD, no BK
Debt holders force cash rich company for bankruptcy.
Common wipe out.
Gain from unrealized assets (1.5B-2B) from NG assets here
New share for bond holders.
4-5X profit for bondholders.
Sad day. With 2B cash
Investment go bad and who knows coal might rebound. All we need is NG at $6, which is very feasible.
But seeing these two ids posts non stop, I can see that they got serious mental issues. Hopefully these two sees living hell. I am sure they will.
Here it goes up
With the cash level, bankruptcy is not possible unless something disastrous happened publicly not announced.