tinkler's non binding bid for whitehaven

Looks like Tinkler has approx 50% of whc shareholders to come across in a new company and offer the remaining whc shareholders $5.20 a share.

Why we are currently at 55 cents is a real mystery!

Why HP have not entered the market to support their company hopefully signals they are currently in negotiations, since they did buy 5 million @ 1.50 recently.

If HP were not bound by any finance negotiations, they wouldn't even have to buy one share, just announce they are looking to enter the market and these short sellers would have cpl back to $1.00 in one afternoon.

WHC was as low as 3.25 friday, just shows how irrational these shares can be, and that there is global demand for low cost mines.

If WHC is taken off the asx, who is left as the premier coal future producer? cpl?

Come on Highland Park

Show me your worth......