Nathan Tinkler's 19.4 per cent stake in Whitehaven Coal Limited
(ASX:WHC) is again at the centre of speculation with reports claiming the highly leveraged mining magnate could be left with a loss on any potential sale after paying a significant capital gains tax bill.
Fairfax Media says the former billionaire owes up to $700 million to a variety of lenders against his stake in the coal producing company.
CIMB analyst James Stewart has told Fairfax Media Whitehaven's stock would need to increase more than 20 per cent for Mr Tinkler to break-even on any sale.
The report says Mr Tinkler has now had his corporate jet and helicopter repossessed and has sold his prized racehorse All Too Hard to Gerry Harvey.
Whitehaven Coal posted a net profit of $62.5 million in the 2012 financial year.
