Queensland coal miner Bounty Mining has received not one, but two separate recapitalisation proposals from one of its rivals – and it's yet to breathe a word to its investors.
While Bounty shareholders were made aware of a recapitalisation and funding proposal from the group's major shareholder Amaroo Blackdown Investments, Street Talk has learned there have been two other proposals made by rival group QCoal, which is run by Queensland Rich Lister and mining magnate Chris Wallin and advised by SLM Corporate.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
