re: asic first then takeover panel lets take a look at some...

re: asic first then takeover panel lets take a look at some numbers about this chinese takeover:

no of share market valuation
shares sales price valuation to sales
('000) (million)

YAL 994,217 1,412 0.695 691m 0.489

WHC 1,025,692 622 1.800 1,846m 2.968

CLR 158,236 500 0.455 72m 0.160


the valuation to sales clearly show that CLR is undervalued. bear in mind that YAL and WHC are producing coal and have been selling coal at current world market prices.

now, isn't $0.455 a share too CHEAP ? note: WHC made a loss last financial year. look at its valuation to sale ratio !

so can we all now see sometimes it is not about economical or uneconomical or even about time. it is about cash flows.

costs can be managed. also there is a thing called economies of scale.

remember thin seams of coal happens at all coal mines. the resource is still there for production. why accept the chinese offer at a ridiculously low price.