For anyone who might be worrying about the recent price falls in Coking Coal
Remember that the 20% sell down will most likely be used to retire most (if not all) of the $US 1.1bn credit facility. This means that the vendor finance payments (first $500m) is all that is left to pay, the first payment is not due till a year away.
I would bet that the 20% sell down was forecast to alleviate any decreases in met pricing.
if there was no sell down occurring, I might be more inclined to panic. I’ll sit tight and buy a few more shares in the meantime!
Target $18.72, page-8385
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Last
$7.52 |
Change
-0.095(1.25%) |
Mkt cap ! $6.287B | |||
| Open | High | Low | Value | Volume |
| $7.59 | $7.64 | $7.49 | $20.00M | 2.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 8965 | $7.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.52 | 20294 | 27 |
View Market Depth
| Last trade - 15.24pm 15/05/2024 (20 minute delay) ? |
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Last
$7.51 |
Change
-0.095 ( 0.92 %) |
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| Open | High | Low | Volume | ||
| $7.59 | $7.64 | $7.49 | 1062222 | ||
| Last updated 15.43pm 15/05/2024 ? | |||||
| WHC (ASX) Chart |