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
Add WHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.01 |
Change
-0.170(2.37%) |
Mkt cap ! $5.864B | |||
| Open | High | Low | Value | Volume |
| $7.08 | $7.14 | $6.93 | $34.28M | 4.880M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 780 | $7.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.01 | 29366 | 2 |
View Market Depth
| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| WHC (ASX) Chart |