It seems rather a minor point to be worth isolating so many HC members over and staking one's ego on.
In the event of a sell down ...
Whatever WHC do with the cash, it will essentially go to retiring debt that would otherwise have ended up on the balance sheet. Whether that's existing vendor finance, future contingent payments, or working capital.
Paul stated clearly they're not participating in the AA mine sales so they can focus on bedding down and operating their existing mines. By extension I doubt Vickery or Winchester will be allocated much capital any time soon.
We also know that dividends will only be paid out of proceeds from the NSW mines until vendor finance debt is retired.
So essentially we'll end up in the same balance sheet position whatever they do with the sell down proceeds. ie no new money will be spent than is already required to run the company, make contingent payments, or otherwise already flagged.
- Forums
- ASX - By Stock
- Blackwater sell down
It seems rather a minor point to be worth isolating so many HC...
-
- There are more pages in this discussion • 43 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
Add WHC (ASX) to my watchlist
(20min delay)
|
|||||
Last
$7.16 |
Change
0.020(0.28%) |
Mkt cap ! $5.990B |
Open | High | Low | Value | Volume |
$7.10 | $7.16 | $6.84 | $72.74M | 10.29M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3922 | $7.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.16 | 2173 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 50 | 7.100 |
2 | 6000 | 7.070 |
3 | 8726 | 7.000 |
1 | 7960 | 6.980 |
2 | 4000 | 6.950 |
Price($) | Vol. | No. |
---|---|---|
7.170 | 650 | 1 |
7.180 | 200 | 1 |
7.190 | 3002 | 1 |
7.200 | 1559 | 2 |
7.240 | 2000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
WHC (ASX) Chart |