Investors in Cascade Coal, and NuCoal, finally get to make their case before a sympathetic audience.

NuCoal boss, Glen Lewis, and prominent Cascade investor, John McGuigan, will explain how the property rights of the two companies was "left hanging like roadkill from the bullbar of this unseemliness."

The luncheon promises to reveal "the behind-the-scenes and exclusive story of how NSW governments shafted mining investors perversely in punishment for its own rampantly corrupt conduct – as told by the miners."

Both companies lost an appeal last month against laws tearing up their coal licences. The laws were introduced after ICAC said the licences were "so tainted by corruption" they should be "expunged or cancelled".

"This is serious. It's like getting a notice from the Lands Department advising that the title to your house has been ripped up, clipped to an eviction notice," reads the promo for the big event.

CBD would not need to remind potential attendees that McGuigan, the former Krispy Kreme Australia boss, was part of the investor group who were found by the ICAC to have acted corruptly by concealing the involvement of Eddie Obeid & Co.

The High Court ruling in the commission's battle with Crown prosecutor Margaret Cunneen, SC, made those findings untenable - and the matter has been winding its way down a legal rabbit hole ever since.

McGuigan might be able to update the crowd on the latest battle to surface on this particular patch.

The competition watchdog announced plans on Monday to take him to court, along with two of Obeid's sons, for allegedly rigging the bid for a tender of coal exploration licences that kicked off the whole adventure.

Mad Katter

You've got to have soft spot for Bob Katter, the independent federal MP who held the balance of power in the last government.

The MP for Kennedy in far north Queensland couldn't resist having his two Bob's worth on plans to allow foreign airlines to fly domestic routes in northern Australia.

"Canberra has announced that they are looking at cabotage, and I thought the gentleman said sabotage," he said at Cairns Airport on Monday.

Name Game

Andrew 'Twiggy' Forrest has turned Scarlet Pimpernel as he single-handedly tries to turn the tide in favour of our resource industry.

One of his private companies, Minderoo Resources Pty Ltd, has changed its name to Squadron Resources.

This is the company that hoovered up a stake in ASX listed A1 Consolidated Gold earlier this month.

This reinforced speculation that Minderoo/Squadron would be the vehicle Twiggy would use to pick up assets at the bottom of the cycle.

Gas capture

ASIC have continued their version of zero-tolerance on the crap caps appointing liquidators to Sino Australia Oil and Gas Limited on Monday.

The company, which offers oil and gas drilling services in China, hit ASIC's radar last year.

The corporate pup got worried after having a look at what the company told investors in its 2013 prospectus.

Apparently it did not square with the company's plans to move the millions it raised from the public listing, to its overseas subsidiary.

Trouble was evident within weeks of its float when Sino's executive chairman, Shao Tianpeng, convened a meeting early last year to replace fellow directors, Wayne Johnson and Andrew Faulkner.

"Mr Shao does not believe that the continued tenure of Mr Johnson as a director is required, now that the company has achieved listing on the ASX and the company moves to its next phase in development," the notice said.

Similar words were applied to Faulkner.

The two independent directors returned fire: "In our view, the ... notices have been served on the company as a result of a difference of view amongst the directors about corporate governance procedures".

And the rest is history - and some rather hefty tax losses for investors who did not see the signs and run for the hills at the earliest opportunity.

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