Jonathan Moylan has pled guilty to one count of disseminating false or misleading information affecting market participation, and was due for sentencing in Sydney on July 11.

However, sentencing was adjourned until tomorrow.

Moylan sent out a fraudulent press release claiming to be from the ANZ bank which said the bank had withdrawn its $1.2 billion loan from Whitehaven’s Maules Creek Coal Project on environmental and ethical grounds.

Mr Moylan sent the email from his laptop while camping out in the Leard State Forest.

The hoax caused Whitehaven’s shares to plunge, temporarily wiping more than  $314 million from the company’s value.

Moylan’s actions have been both condemned and applauded, sparking a movement called Stand with Jono that has gained widespread support across the country.

About 200 supporters held a vigil in support of Moylan outside the court on July 11, with another planned for tomorrow.

Among the supporters have been farmers from northern NSW, including Maules Creek farmer Rick Laird.

“We’ve been fighting this mine for years, and the stand that Jono took means that people now know what’s happening at Maules Creek,” Mr Laird said at the July 11 hearing.

“Jono stood with us, and now we’re here to stand with Jono.”

Moylan could face up to 10 years jail and $765,000 in fines.