Tinkler is not the reason for the sp plunge.
The Chinese are "probably" (based on my numerous personal experience in stocks I hold/held with Chinese suitors - more like opportunistic pillagers) systematically destroying the WHC sp (via their proxies) and then eventually lob a low-ball bid seemingly reflecting a premium to the average sp over a period.
If I am right, the bid won't come so quickly. The Chinese will keep hammering the sp for a few months yet and take advantage of the next set of bad news in ASX release.
I wouldn't touch WHC until it hits $2 or less.
Problem is the company is not making a buck (losing money). The Chinese smell blood and at some point will go for the jugular. WHC holders will entered at mid $3s will bleed to death.
chinese kiss of death
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Last
$7.99 |
Change
-0.330(3.97%) |
Mkt cap ! $6.684B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.24 | $7.94 | $56.72M | 7.061M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 70838 | $7.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.99 | 66806 | 3 |
View Market Depth
| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |