So, is today’s surge in the share price a sign of confidence (or inside knowledge) that WHC will secure the BMA assets, or a relief rally because WHC has failed in (or withdrawn) its bid? My money is on the former; if that’s right, WHC will draw substantial long-term benefit from these acquisitions — even if returns to shareholders are lowered somewhat for a year or two.
Now to press the case for reform of the obscenely high coal royalty regime in Queensland! Two key things are needed: (1) place strong pressure on the QLD opposition to commit to reform if/when it gains government; and (2) kick out the Chook and her mob in October next year.
Here’s hoping! Good luck to all.
Potential Daunia Aquisition, page-359
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Last
$8.61 |
Change
-0.060(0.69%) |
Mkt cap ! $7.203B | |||
| Open | High | Low | Value | Volume |
| $8.67 | $8.69 | $8.55 | $27.44M | 3.184M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 33063 | $8.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.62 | 5000 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |