YAL 3.65% $6.24 yancoal australia limited

Ann: Half Yearly Report and Accounts, page-36

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  1. 313 Posts.
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    Can't believe its a red day, go figure.

    Maybe its just the uncertainty/fear around Yankuang maybe taking over cheap .... doesn't make sense how they could possibly do this, correct me if I'm wrong but don't they only own 15%? Maybe a better move by our directors and 1 I would support would be the company buys back Yankuang's shares for the $5.08/sh (again amount from memory) that they were looking at offering us. Would be easily managed from cash reserves at the moment and might remove the breaks from the share price.
 
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