What happened today? That was a 12% rise!
Tinkler has been doing finger exercises and they are much thinner now!?
Chinas starting to move on our assets, as predicted.
DML. Wonder what will happen with SDL.
They have downramped to the hilt using up stock piles and making Ore and Coal prices plummet and now they are trying to take over what they have destroyed the confidence in.
Forgive me I'm dyslexic.
Filled at 3.20 awesome.
Back at 3 today. Another break down to 2.78ish, and i may go back in again...
Another week and another take over, WHC looks to be ready to make a deal.
Up 8% today on the news and up 26% in the last 5 weeks.
Statistics: 114 Closed Trades since July 07, Winning Trades: 93, Losing Trades: 21, Expectancy/$1 Risked: $0.65
Can't see a takeover happening fast...too much baggage. Once Tinklers problems are resolved one way or another it'll happen. It'll be dragged back to 3.10 by the impending market fall.
Reminds me of the time when S&P (or fitch) accidentally leaked a pending soverign rating change.
**KILL/TAKEDOWN NOTICE** **KILL/TAKEDOWN NOTICE**
EDS: Please kill story slugged WHITEHAVEN, headlined WHITEHAVEN
LOSES MAULES CREEK FUNDING, ex MELBOURNE at 1218 AEDT.
apparently it was sent in by some anti coal protest group.
I believe effort to be a finite resource. Something to be used only when there are no other options available.
I don't hold WHC, but I'm wondering how many traders/investors may have been stopped out due to this hoax, and is there any recourse for them? Good buying for some, I guess - do they get to keep the shares bought due to the sudden decline in price? No doubt ASIC will investigate, but the perps may not even be in Australia, so I assume the ability to control hoax emails/announcements is very limited. Didn't the opposite happen with DJS last year - fake takeover bid or something?
I wonder if the anti-coal group has their legal advice team approve of this hoax??
The fact that neither ANZ/WHC made any statement on the supposed withdrawal of funding means that it didn't smell right... but not too many people thought of it as a hoax immediately either.
It wasn't as bigger hoax as QE3 & 4.
Forgive me I'm dyslexic.
The press need to review their processes to allow this into the wider audience otherwise it could spark a trend. Anz can't be happy.
From the SMH.
This little crustie has bitten off more than he can chew. My contacts in NSW tell me that many important people have been stung with stop losses by Jonathon Moylan, and will seek recompense.Hoaxer's defence
In a later phone call, Mr Moylan admitted the hoax, and claimed it was justified by the environmental destruction he said would be wrought by the mine, near Narrabri in NSW.
"We considered the decision to run a spoof very carefully before we did it, but we believe it is justified, Mr Moylan said. We think it is a bit like the Chaser getting into APEC, or the Yes Men announcing that Union Carbide had shut down."
Asked if he had qualms about lying to the public to achieve environmental ends, he said: Our primary concern is the impact of this mine on the environment at the end of the day. A lot of people were taken in by it, but when you compare the cost of that to the health of our forests and farmlands, it justifies it.
Asked if the anti-coal group had considered that Whitehaven might pursue legal action it, Mr Moylan said: Im not prepared to comment on that at this time.
Read more: http://www.smh.com.au/business/minin...#ixzz2HH0b3FZS
I fail to see how it is like the Chaser and APEC. Some people would have lost a significant portion of their savings on this. And some others would have been stung badly.
His name is Jonathon Moylan.
This what he looked like today.
I couldn't be bothered sitting in front of a screen all day waiting for a joker like Joanthon Moylan to destroy my wealth.
Medium to long term is as good as most folk without 3 screens can manage.