My theoryThere is definitely something going on here. We have a great resource, mine up and running, a port to ship from, etc and we are trading at a price well below the price before the mine opened. At the last AGM we were told everything was hunky dory and we were going to grow organically, by financing everything through coal sales. Then in less than a month everything has changed. That means either of these three things:
1) The management does not know what it is doing, which is highly unlikely considering they got this up mine up and running within a very timely and cost effective manner.
2) The sales contracts have fallen through, highly unlikely.
3) That a suitor or two have come along and said lets get this thing up to speed , production up, rail spur in place, we have customers so we dont care about any announcements on sales.
The share price is being manipulated, that is obvious. Who ever wants this company has been keeping the share price down. I wont go too much further because I do not want to liable myself, but you can see where I am going. We know a buyout should have been at least what WTN got, we have more reserves and far fewer shares. I would not be surprised to see a low ball offer come in now we are all down hearted and supposedly broken.
REMEMBER THIS IS A 400 MTN RESERVE WORTH $$120 BILLION !!!! At three million tons x $100 a ton profit that is $300 MILLION profit a year divide by 200 mil shares or $1.50 a share x PE of 10 is $15 a share!! Dont let the bassturds steal your shares! EOM!!!!