"The actual news here is that significant shareholder unrest is building at Whitehaven, where a group of investors are so energised by their aversion to these mines that they’re probably going to try block the transaction if it goes ahead.
That’s a big ‘‘if’’, of course, but Margin Call understands the action could take the form of a shareholder vote to nix the deal, or to smash the competency of the board, or both. You can be assured that letters are flying and lawyers are being engaged, suggesting that Whitehaven isn’t flirting anymore and its interest is competitive enough to rival frontrunner Yancoal.
We put the shareholder angst and the big talk of intervention to the company but a Whitehaven spokesman declined to comment."
Target $18.72, page-6345
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$7.45 |
Change
-0.030(0.40%) |
Mkt cap ! $6.215B | |||
| Open | High | Low | Value | Volume |
| $7.47 | $7.48 | $7.41 | $2.947M | 396.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 16538 | $7.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.45 | 15 | 1 |
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| WHC (ASX) Chart |