HOAX:
A hoax press release has caused a sudden drop in Whitehaven Coal shares shortly after 11am today.
The press release, claiming to be from a major Australian bank, said that a recent $1.2 billion loan to help Whitehaven build a new mine had been overturned because of concerns about the impact the mine would have on agriculture and the environment.
The announcement caused Whitehaven shares to fall 22 cents, or 8.8 per cent, from $3.52 to $3.30 shortly after 11am. The Whitehaven share price has started rebounding to about $3.40 as news of the hoax spreads.
ANZ arranged a $1.2 billion loan facility to Whitehaven in December to help it build the Maules Creek mine that was received as part of Whitehaven's merger with Nathan Tinkler's group of companies.
Maules Creek is located north-west of Newcastle in New South Wales, around agricultural land.
Today's false press release carried the ANZ logo and the details of the banks communication staff at the bottom.
Read more: http://www.smh.com.au/business/mining-and-resources/hoax-press-release-sparks-whitehaven-plunge-20130107-2cc47.html#ixzz2HFanP5Dx
no announcement with such movement , page-4
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Last
$8.32 |
Change
-0.110(1.30%) |
Mkt cap ! $6.960B | |||
| Open | High | Low | Value | Volume |
| $8.40 | $8.57 | $8.21 | $70.24M | 8.520M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23024 | $8.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.33 | 13633 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |