Ann: Whitehaven refinances acquisition bridge facility, page-30

Astute and objective post. In addition to the $1Bn capital losses on the buyback, then a further $6Bn at risk after being rolled over by BHP for some increasingly dubious acquisition, and now we are told further debt and credit facilities are also necessary. Spot on with those buybacks, a gold mine of sorts. The bullion is for the WHC executive managment and such, for enhanced positions for all those incentive plans, and vesting of shares and options held in escrow. However, the retail sh's are almost invariably shafted.