Redbank burns Billabong boys

An obscure New York hedge fund Coastal Capital is facing disaster at Redbank Energy but is ploughing on with its Billabong play.

They may be buying Billabong (BBG) stock with their ears pinned back but the boys from Coastal Capital are facing disaster at Redbank Energy (AEJ).

The brains trust behind New York based hedge fund Coastal Capital – Vlad Artamonov and Todd Plusky – are burning cash at Redbank Energy, which owns the Redbank Power station in the NSW Hunter Valley.

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