I’m happy with this move.
Buying good operational met coal assets from a deep pocketed seller is a rare opportunity that may not come again.
SpendIng the cash pile on an operational business is much better strategy than paying a premium for a listed business or developing a large new mine.
Lots of holders won’t like this - tough. The logic of investing in a coal company and then wanting management to give back cash so it needs reinvesting somewhere else makes no sense to me. The buyback and large dividends have ticked the capital management boxes already.
Look forward to reading the terms.
I’m happy with this move.Buying good operational met coal assets...
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Last
$7.95 |
Change
0.200(2.58%) |
Mkt cap ! $6.650B | |||
| Open | High | Low | Value | Volume |
| $7.83 | $8.02 | $7.81 | $81.15M | 10.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18264 | $7.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.99 | 13073 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WHC (ASX) Chart |