But what do they get for coal that they sell?
At one stage they were buying back stock near $10 when the price of coal a bit over $100 US.
This needs an explanation from BOD for squandering money!
Are they hoping that in the interim period the current will be sustained when China accepts our coal.
The first phase of of the BB they paid a bit over $4, when the coal price was approx $425 US.
It was the coal price that kept the share price up
Why try to waste cash to keep the price up when coal prices have dropped?
Ann: Update - Notification of buy-back - WHC, page-8
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$6.03 |
Change
0.270(4.69%) |
Mkt cap ! $5.019B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 47 | 38144 | $6.02 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.03 | 53571 | 57 |
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