Maybe its related to the following - Fallon Capital have put up 93M shares in escrow with UBS which you may have seen go through yesterday (volume traded) who are trying to find a buyer at $3.20 in the next 60 days. Fallon bought this parcel in approximately 2013 rom Nathan Tinkler's after his substantial loans to Fallon were in question.
The point is will they need to sell it at a discounted price to clear the large parcel, if so the market will probably choke a little on the sheer amount and could force a slightly negative run. That said coal pricing is on the rise again and demand is still there. It's a big company and If they continue with the strong dividends then it should come right for holders. I think it will dip below $3.00 again before a bounce. Just my opinion.
Article here:
https://www.copyright link/street-talk/farallon-escrow-puts-target-on-whitehaven-coal-stake-20191111-p539b0
Maybe its related to the following - Fallon Capital have put up...
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Last
$7.95 |
Change
0.200(2.58%) |
Mkt cap ! $6.650B | |||
| Open | High | Low | Value | Volume |
| $7.83 | $8.02 | $7.81 | $81.15M | 10.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 18264 | $7.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.99 | 13073 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| WHC (ASX) Chart |