There is no chance they sell 20% of Blackwater for at least US$1.5b. That would be equivalent to at least US$7.5b for 100% of Blackwater.
Two reasons why:
1. WHC has a market cap of AU$6b. Why wouldn't the bidders just go for the whole company and get the NSW mines and Daunia mine for free?
2. WHC is paying US$3.2b to US$4.1b for 100% of Blackwater and Daunia. The buyers may be generous but that aren't insane.
Ann: Acquisition of Daunia and Blackwater Mines Completes, page-34
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Last
$6.69 |
Change
0.080(1.21%) |
Mkt cap ! $5.596B | |||
| Open | High | Low | Value | Volume |
| $6.70 | $6.78 | $6.66 | $65.75M | 9.881M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 550 | $6.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.70 | 14239 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |