WHC 0.65% $7.72 whitehaven coal limited

Yeh actually it looks like I was wrong with that one. It is up...

  1. 1,152 Posts.
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    Yeh actually it looks like I was wrong with that one. It is up to 240 million shares in 12 months not 24 months. Don't know where I got that idea from.

    So by the 27th December which is the first two months they will have close to 40 million shares purchased so on track for 240 million for the year. Though i doubt they will get the shares as cheap over the remaining 10 months as they did in the first 2 months.

    So they probably should have bought back harder over the last 6-7 weeks. There may have been factors we are unaware of that the directors have had to take into account who knows.

    Looking like a potential reverse head and shoulders on the charts. We could be primed for a run at the previous highs and then beyond. Price target $12.25. Then a retest of $11 . Famous last words. The fundamentals do back it.
 
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