@ShareJagger I'm with you on the sell down. It's going to happen. 20 or 30% who knows.The benefits to WHC of a sell down is that it will be to an end user. This will ensure sale of coal to the steel producer(s) and they have no other reason to be part of a JV other than to secure coal.
Also, anything can happen from here with coal markets, world economies (best to trade with little or no debt if you can). My opinion
Many around the traps believe it will be for $500 million AUD for 20% of Blackwater but I have read that it's $500 million USD.
My guess and my opinion is that WHC are working hard to increase the value of Blackwater and likely to offload 30%.
A 30% sell down will all but extinguish WHC debt and it can then start paying dividends (from Blackwater & Daunia) earlier than anticipated and and still make the deferred payments to BMA with ease.
I guess, we will have to just wait and see.
Below, I changed a few parameters. Tonnes sold and average costs p/t of coal produced. Still basing on Presentation. Costs are approx between FY23A and Forecast FY24F-FY28F
It will be interesting to see how far out I will be with the figures below
Target $18.72, page-9274
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Last
$6.82 |
Change
-0.130(1.87%) |
Mkt cap ! $5.705B | |||
| Open | High | Low | Value | Volume |
| $6.96 | $6.99 | $6.78 | $23.43M | 3.424M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 41638 | $6.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.82 | 3000 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| WHC (ASX) Chart |