WHC 0.26% $7.65 whitehaven coal limited

Ann: Appendix 4D and Half Year Financial Report, page-172

  1. 9,778 Posts.
    lightbulb Created with Sketch. 86
    I’m a novice when it comes to the sharemarkets!
    What pushed the price up from about $3 to about $7…was it the coal price or the BB’s?

    Hopefully, it was the coal price…u would look foolish pushing the price up thru BB and then buying it back at a dearer price.

    That is what appears to me has happened with this company.

    The closet analogy that I can come up with WHC BB, it acted more like listed property company with excess cash and bought property at it peak prices.
    But WHC can argue that we still have these properties even though they have dropped in value but shareholder may benefit in the future@
 
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5 22151 $7.64
 

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