There is no chance they sell 20% of Blackwater for at least US$1.5b. That would be equivalent to at least US$7.5b for 100% of Blackwater.
Two reasons why:
1. WHC has a market cap of AU$6b. Why wouldn't the bidders just go for the whole company and get the NSW mines and Daunia mine for free?
2. WHC is paying US$3.2b to US$4.1b for 100% of Blackwater and Daunia. The buyers may be generous but that aren't insane.
Ann: Acquisition of Daunia and Blackwater Mines Completes, page-34
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$5.98 |
Change
-0.135(2.21%) |
Mkt cap ! $5.111B | |||
| Open | High | Low | Value | Volume |
| $5.99 | $6.01 | $5.89 | $11.81M | 1.978M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 129008 | $5.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.98 | 63299 | 20 |
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