Saturday, August 9, 2014

James River Coal Auction Now Scheduled For August 18, 2014 $JRCCQ $JRCC

2. Pursuant to the Strategic Transaction Bidding Procedures, the Debtors have determined, in their reasonable judgment and in consultation with the DIP Agent and the UCC, to adjourn the Auction and the Sale Hearing to the following dates:
(a) Auction: August 18, 2014 at 10:00 a.m. (prevailing Eastern Time), to be held at the offices of counsel to the Debtors, Davis Polk & Wardwell LLP, 450 Lexington Avenue, New York, New York 10017.
(b) Sale Hearing (if the Successful Bid contemplates a Sale): August 20, 2014 at 1:00 p.m. (prevailing Eastern Time), to be held before the Honorable Kevin R. Huennekens, at the United States Bankruptcy Court for the Eastern District of Virginia, 701 East Broad Street, Room 5000, Richmond, Virginia 23219.
Postponed over and over again. Does nobody want to buy these mines? What are they going to do with them?

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