mmm...not a big fan of mining companies - but here is what I think:
1. Farallon has good reputation as Hedge Fund, but if they splurge $600 mil on WHC, that is merely 2.8% of their 21 billions asset. They can lose it all and not lose any sleep over it.
2. They invest for 4-5 years term. If I want to invest 3% of my money for 5 years; that will be like $10.
3. The payoff depends on China's demand and coal price. Opinions are divided on this matter.
So it begs the question of whether 40% premium is a valid "anchor" for the pricing.
Ann: Change in substantial holding , page-7
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Last
$6.82 |
Change
-0.040(0.58%) |
Mkt cap ! $5.705B | |||
| Open | High | Low | Value | Volume |
| $6.78 | $6.89 | $6.78 | $29.97M | 4.389M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 5212 | $6.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.83 | 9785 | 3 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| WHC (ASX) Chart |