The battle for Rio's coal assets between Glencore & Chinese Yancoal has lifted WHC's share price closer to the critical $3 mark.
The higher than expected bids seems to have trickled down to smaller producers; particularly coking coal producers.
Coking coal supply has been curtailed by cyclone Debbie and trade sanctions on North Korea who was supplying
2 mil tons a year across the border to China.
http://www.mining.com/glencore-snatches-rio-tinto-owned-mines-yancoal-2-55b-deal/
WHC's June quarter report will be interesting because it will confirm coal price & volumes over this turbulent
quarter. IMO, we'll have 6 mil tons + @ prices equal to or better than the March Qtr.
RIO-Glencore deal gooses WHC
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Last
$6.56 |
Change
-0.140(2.09%) |
Mkt cap ! $5.027B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.74 | $6.53 | $29.32M | 4.446M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20085 | $6.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.57 | 15633 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| WHC (ASX) Chart |
