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WHC - Whitehaven Coal

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I agree this is a thread about Whitehaven Coal rather than the political actions of Jonathan Doyle so this will be my last comment on this topic

I think there is a case for asking deeper questions of a business than simply how much money it might be making today/tomorrow. As I pointed out the whole fossil fuel industry is likely to come under scrutiny as climate change heats up and it becomes crystal clear that coal and oil use is the primary contributor.

There are also excellent precedents for social activists to use hoaxes like Jonathan Doyles to make a point about the moral bankruptcy of a company. In 2007 the Yes Men did a fantastic hoax impersonating DOW chemicals as taking responsibility for the Biphol chemical disaster which killed thousands of Indians and left tens of thousands sick.

DOW shares dropped $2Billion before they managed to point out they were not going to pay any more reparation. Worth a look if only to reflect on how companies work. I don't believe the Yes Men were prosecuted for this action.



http://www.youtube.com/watch?v=LiWlvBro9eI
http://www.mnn.com/earth-matters/wilderness-resources/stories/6-great-environmental-pranks
 


His name is Moylan I believe, not Doyle, unless he has changed his name as Sen. Lee Rhiannon has.

Her comments are indicative of the type of lowlife with which Whitehaven is dealing. From The Australian.


And talking of lowlife. there are, I have been told some "colourful characters" formerly Whitehaven shareholders who have lost some millions on stop loss orders through young Jonathon's escapade.

Getting to gaol may be just the beginning of his torment.

Doyle I believe presents the ABC Radio National Breakfast "Show" at great expense and has nothing to do with these events.

gg
 
Garpal Gumnut said:
Doyle I believe presents the ABC Radio National Breakfast "Show" at great expense

gg
Click to expand...
He does indeed, fortunately only over the holiday period.
I didn't ever think I'd be hanging out for the return of Fran Kelly, but the demeanour and sophistry offered by Mr Doyle is just awful. The whole Radio National holiday program has been woeful, whilst the ABC Local Radio holiday presenters have been fantastic.

Apologies to Whitehaven Coal investors. This comment should have been in another thread. Sorry.
 
qldfrog said:
stock went from 3.63 the previous days to 3.21 a delta of 42 c out of 3.63 -> a bit above 11%
If your SL are always bigger than that, you must have lost a bucket during the GFC and like living dangerously!!!!
Agree for the rest
Click to expand...

I was thinking about buying when trading halted!

Re the 5 dollar price target hasn't Tinkler said he'd sell at 4? Wouldn't that prevent the stock pushing too far past 4?
 
blatant lies from ASX about their mismanagement of the WHC hoax:

Read more: http://www.brisbanetimes.com.au/bus...hoax-trades-20130110-2ciy6.html#ixzz2HbN5Y4J1
"An ASX spokeswoman confirmed that the Whitehaven incident did not meet the criteria."[for trade cancellation: imove by 10 per cent or more within three minutes]
well this is a rule for normal trading stop not,
"
She said Monday's trading in Whitehaven was ''within ASX's prescribed no-cancellation range. Subsequently, ASX has received no requests for cancellation from ASX market participants.''

Well, I did express a formal request to the asx on that very day, before 2Pm if I remember well; it even took a while to reach them, and then when request rejected, I launched a fully documented ASIC complaint!
Thanks God I did...
 
Have you received any response, qldfrog, re your request for cancellation?
 

good on you frog.
I trust it goes well

gg

Julia said:
Have you received any response, qldfrog, re your request for cancellation?
Click to expand...

Unfortunately once it gets past T3 it will not be reversible easily.

gg
 
qldgrog

Pressure is mounting on the ASX to reverse the trades.

From the SMH.

Keep the pressure on ASIC.


gg
 
Every event like this gives further reason to be wary of investing in shares for those that are still smarting from the effects of the GFC. If ASIC care at all for the credibility of the Australian sharemarket, and wish to shore up what confidence remains in it - it needs to act accordingly - both to punish the perpetrator/s and reverse trades. All that "cash on the sidelines" will stay there even longer imo if these sorts of hoaxes are seen to be a price that working families simply have to accept as an added risk to involvement in the sharemarket. I also wonder what sort of picture of the Australian market it portrays to overseas funds looking to invest here
 
An interesting development today.

Tasmanian Greens are saying that Moylan is not a hero, but liable to the full force of the law.

They are in conflict with the commos who run NSW Greens.

http://www.afr.com/p/national/greens_divide_over_whitehaven_hoax_7CV3FcToKzX6qru0l9rd7O


gg
 
Ah, but Mr Whish-Wilson is a somewhat unlikely Greens candidate. He is an economist and has worked in the past for Merrill Lynch and Deutsche Bank.
 
Julia said:
Ah, but Mr Whish-Wilson is a somewhat unlikely Greens candidate. He is an economist and has worked in the past for Merrill Lynch and Deutsche Bank.
Click to expand...

Does that disqualify him from having an opinion?

I, too, sympathise with many Green ideas and ideals: Living within one's means. Conserving resources. Leaving the place as clean as possible. Doesn't mean I can't have a more liberal attitude towards reality of industry and commerce.

I draw the line where other people's rights and livelihoods are impacted. And I try to retain a modicum of practical feasibility. My opinions may clash with others'; they often do; but I don't resort to fraud and deceit in order to make a point.
 
pixel said:
Does that disqualify him from having an opinion?
Click to expand...
Of course not. How did I suggest that?
Do you disagree that his training and background is somewhat different from that of most of the Greens politicians?
 
It will be interesting to see how WHC performs in late Jan, February.

It seems to be gathering some strength.

A possible decisive move soon over $3.50, or not?



gg
 
I like it Mr Gumnut.

Hopefully moves above $3.63 in the next day or 2 and gets a nice uptrend going.
 
tasmanian said:
I like it Mr Gumnut.

Hopefully moves above $3.63 in the next day or 2 and gets a nice uptrend going.
Click to expand...

Thanks tas,

It looks like that.

I bought some after the alleged criminal crustie Green ******** Moylan did the dirty on the stock.

gg
 
What does the mid term hold for WHC

Whitehaven Coal (WHC) looking a bit sad since conditional approval of Maule's Creek and half yearly results. Does anyone have any idea of what Nathan Tinkler is up too since his takeover attempt last year? I notice that the new CEO is one of his associates.

I would have thought that there would be some movement upwards once Maule's Creek commences. It would also need an improvement in Coal prices and a lower dollar

Be interested in any comments

Cheers!
 
Re: What does the mid term hold for WHC


If it's fundamentals and/or speculation that you're after, then I can't help. Sorry.
But in reply to the question "What does the mid term hold for WHC?", I find a few clues in the attached chart:



Seeing how the January Double Top has played out pretty close to doubling the range $3.63 to $3.21, there would be a chance that a triple bottom might do something similar in the opposite direction. Obviously, the primary condition for that to happen is, $2.70-ish support must hold. If it doesn't, the future would look decidedly grim with a head and shoulders pattern threatening a drop way below $2.

What do you reckon? Will the expected change of government cause the pendulum to swing back to coal? That will probably depend on the size of Climate Agnosticism and Apathy in the next Cabinet. ... or the market perception and expectation in that regard.
 
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