Written By: - Date published: 2:22 pm, August 22nd, 2015 - 54 comments
Solid Energy was this month placed in Voluntary Administration following its financial collapse. Landcorp may not be in quite the same pit as the coal miner, but negative cash-flow and rising debt likely mean it has breached banking covenants. It may be forced to sell good assets at the bottom of the market. Simon Louisson questions why?