Curious to understand the valuation on this stock.
In today's announcement WHC has sold a 10% stake in Maules Creek (a mine in development) for $375 million. Would this not value Maules Creek at $3.75 billion of which WHC currently has 85% (before this sale)?
Interstingly, WHC has 5 producing mines and 2 mines in development yet the whole market cap for the stock is $3.9 billion.
It just does not make sense????
valuation
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Last
$8.00 |
Change
0.180(2.30%) |
Mkt cap ! $6.692B | |||
| Open | High | Low | Value | Volume |
| $7.86 | $8.00 | $7.83 | $25.19M | 3.178M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 8928 | $7.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.00 | 149312 | 47 |
View Market Depth
| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
$7.99 |
Change
0.180 ( 2.28 %) |
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| Open | High | Low | Volume | ||
| $7.87 | $8.00 | $7.83 | 850034 | ||
| Last updated 15.59pm 28/05/2024 ? | |||||
| WHC (ASX) Chart |