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Message: [QUOTE="subsbligh, post: 2461537, member: 1950"] Estimate's on what Tinkler (or any other big business player) are worth are based on a pretty loose method and no doubt not close to his actual equity (i.e. assets - liabilities) worth. He wouldn't have $40M sitting in a bank. Also, the reason he is up against it is his investments are all in mining. Very lucrative over the long term and decent cash cows in the productive phase but you've got to have buckets of cash until your assets come good. Unexpected downturn in coal price all of a sudden makes your project cash negative (i.e. you have to pour millions in to keep it going in hope of reaching the good times of massive profit territory) and puts you on the bench for another 5 years (and your assets are at that point worth didly squat versus what you owe). e.g. BHPs and Rio Tintos just park their gear up, close down the site and wait it out for 5 years until all the small players go bust, coal then goes into short supply, price of coal goes back up, big players come back in the game. Cash is king. [/QUOTE]

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