It is a big day for the board of Solid Energy, with the coal company's shareholders deciding whether to accept its proposal of a gradual sell-down.
The company's 1500 shareholders have to decide whether immediate liquidation or a longer sell off of the company's assets over the next two years is the best option.
The debt-laden coal company's administrators Korda Mentha predict immediate liquidation would return around 20 cents on the dollar to all shareholders.
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A sell down would bring 100 cents on the dollar to employees and trade creditors as well as 40 cents to banks and bondholders.