Originally Posted by
minimoke
Bids on Pike River close today with Solid Energy appearing to be in the hot seat. Receivers may not get a great price as Solid Energy own the rights to rail coal out of Greymouth so any bidder would not only have to open up the mine but also build a wharf facility. Consequently I'm picking not a lot of demand for Pike so a lower sale price (assuming any potential sale gets past the Overseas Ownership Commission) so at best NZO might get its loans pack but there won't be anything left as a shareholder.