Ann: Trading Halt, page-43

It is not only price as BHP will want to ensure that they offload the assets to someone who will operate and rehabilitate the mines responsibly so as to avoid any negative publicity themselves in the future.

I am supportive of the acquisitions as they will be transformative for Whitehaven and they will follow a growth trajectory similar to Stanmore after their acquisition of SWC and Poitrel from BMC, which I understand they have almost paid back already.

Having been involved with the due diligence for other parties, the assets acquired are long life with better coking quality than suggested here previously and will be highly value accretive. Then there are the Daunia synergies available for the development of Winchester South, so in my view its a great allocation of capital and beats buying back shares at the top of the market.