WHC 3.71% $6.99 whitehaven coal limited

Ann: Update - Notification of buy-back - WHC, page-4

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  1. 1,303 Posts.
    lightbulb Created with Sketch. 157
    are you kidding me? what you are saying is if they buy back half of the outstanding shares, their MC would look like this:
    8 billion - 500 million x $8.8 = 3.6 billion ????

    why can't you use the simple calculation
    remaining outstanding shares x share price
 
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