Oh bugger

WTN finished up 40% in Canada at $5.16 = 2.74p
cyril

WTN up over 13% this am, someway off the Canadian value. CBM also up 7%.
cyril

WTN for me is typical of a company that is outperforming all its value, but is
victim of todays market turmoil. Contracted sales of $2.8m a day with profit of $1m
giving a P/E of well under "ONE" and yet it flounders, frustrating to say the lest.
A post which sums up WTN's potential,remembering that they up for sale.

A major user of coal will value WTN solely on the basis of what it provides their business. If that value puts their offer well above WTN's market SP (which it will with WTN's coal reserves and current $1m daily profit, etc.), can anyone sensible believe they'll back out because overall stock market chaos, mug punters and forced hedge sellers have crapped on the SP?

An open market SP would normally be important in a takeover, but in this case it's irrelevant as CBM and Audley hold the vast majority of WTN shares, so a prospective buyer has no option but to negotiate directly with them if they wish to buy. As time passes, WTN will become increasingly cash-rich and the evidence is that WTN's sale price will increase with it.

Put aside the strategic review and whether a deal is about to be signed and focus instead on the fact that the SP should receive a major boost in about 6 weeks time when the Quarterly production figures are released and the sceptics are truly sorted out.

Seems their hope as 500,000 were bought at auction on the TSX at $4.55 Canadian, which is 241p which is over 1m.
And of course CBM which owns 46% is similarly traded.
cyril

As I've pointed out, WTN is running out of steam.
It's 165p now.

DO U THINK IT IS A BUY NOW AT 140P, CYRIL?

Maybe not...closed at 120p

Anyone can be a smart alec in todays market, was it just WTN or were you refering to the whole market? i doubt it, no info just one liners. Perhaps you can discredit the profits with facts and figures,which i doubt so not worth bothering
with you, i've seen so many of your type on other threads.
cyril

So it must be a very good opportunity to buy.

100p on the way very soon.

And it's 97.5p at close today as I predicted above, cyril. I have my reasons but I just couldn't be bothered typing on a losing share.

Where are all the rampers???

76.5p...this is the perfect sell.

64p...great short...am I talking to myself?

appears so.

oops ......

i see hyleo gone quiet.......strange eh! almost a quid now.......ur short going pear shaped again perhaps

103.5p now

now 105p........are u still holding this gem of a share cyril as its on its way back up

now 110p but even higher intra day! come on cyril, this share is goes up by the day. i'll soon be retired on this the way its going