Tis you that is crazy. You think WHC worth less than cash in bank.??
If indeed we average USD$160 for NewC for next 12 months (that is what futures indicate) == AUD$254.
Margin 254-110==$154
Say 15 million tonnes sold == 154x15,000,000 == $2.3 Billion margin then deduct royalties, tax, depreciation, capital, add interest. Still a fat pay packet.
Personally, I think we'll go for another run up of NewC price. Supply from Australia, Canada, USA, South Africa reducing. China and India scrambling to increase supply but running into problems all round. Indonesia absolutely maxed out due to equipment shortages and in particular barge shortage(the major means of transport in Indonesia).I know this one intimately as it has cost me $$$millions on my major investment CKA,
Consumption increasing so shortages likely to develop and cause rice surge.
Downside?, page-412
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Last
$7.10 |
Change
-0.550(7.19%) |
Mkt cap ! $5.939B | |||
| Open | High | Low | Value | Volume |
| $7.39 | $7.41 | $7.03 | $98.40M | 13.68M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 32869 | $7.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.12 | 82886 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| WHC (ASX) Chart |