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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| West. Coal | WTN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 758.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 758.00 | 758.00 |
| Top Posts |
|---|
Posted at 23/2/2011 21:15 by ianbrewster I see that you are stuck with the 70/30 split unless you are a 'Qualified Investor'however the Company has announced Restricted Shareholders will be deemed to have elected to receive Cash Consideration in Sterling in respect of 70% of the Shares held and Share Consideration in respect of 30% of the Shares held. Restricted Shareholders in this case are defined by those who are not 'qualified investors' (page 4) |
Posted at 08/12/2010 12:30 by oilbagger Looks from the buy and sells today that the majority of sells are smaller numbers of shares while the few buys are large e.g. 85k and 25k shares.Makes me think that some in the know see value ( either from another bidder or the long term value in Walter shares) and are happy to accumulate from the small private investors |
Posted at 20/11/2010 09:21 by oilbagger Note Walter moved fast because they became aware of the availability of the Audley Capital's (VC fund) large shareholding. The deal was brokered by Audley"Western also announced that it was informed today by its largest shareholder, Audley European Opportunities Master Fund Limited ("Audley"), that Audley has signed an agreement to sell approximately 54.5 million common shares of Western (representing approximately 19.8% of Western's 276.1 million basic common shares outstanding, excluding common shares held by wholly-owned subsidiaries of the Company) to Walter at a price of $11.50 per share, or total consideration of approximately $630 million, subject to adjustment in certain circumstances. Western is not a party to the share purchase agreement." See also On the audio conference to investors from Walter it confirms the exact mixture of shares and cash has not been decided. The two business do seem a natural fit and I can see the attraction of Western Coal for Walter |
Posted at 18/11/2010 09:49 by edmondj Hardly anyone has been interested in WTN, I did a podcast on it for iii about a year ago around 120p - which proved quite a failure in media terms, very few listeners.The lack of popular interest, and posts, appears indicative for contrarian investors! |
Posted at 18/11/2010 08:17 by topinfo DJ Western Coal Corp Business Combination TIDMWTN RNS Number : 4036W Western Coal Corporation 18 November 2010 ? +------------------- | | 1000 - 885 Dunsmuir | | | Street | | | Vancouver, B.C. V6C | | | 1N5 | | | Phone | | | 604-608-2692 | | | info@westerncoal.com | | | www.westerncoal.com | | | | +------------------- | | | | +------------------- | | | | +------------------- News ReleaseWTN 10-28 Western Coal Enters Into Exclusive Negotiations For Potential Business Combination With Walter Energy Western Also Announces Sale of Shares by Audley to Walter Vancouver, BC, November 18, 2010 - Western Coal Corp. (TSX: WTN, WTN.WT and AIM: WTN) (the "Company" or "Western") announced today that it has entered into an exclusivity agreement with, and received a proposal regarding a strategic business combination (the "Combination") from Walter Energy, Inc. (NYSE: WLT) ("Walter"), a leading US producer and exporter of hard coking coal for the global steel industry. If concluded, the Combination proposal contemplates a plan of arrangement transaction whereby Western shareholders would receive a mixture of cash and Walter shares valued at $11.50 per Western share. The proposed value represents a premium of 55.8% to Western's closing price yesterday of $7.38 on the Toronto Stock Exchange. The proposal values Western's equity at $3.3 billion, based on Western's 291.1 million common shares outstanding on a fully diluted basis (excluding common shares held by wholly-owned subsidiaries of the Company). The Combination would create one of the world's largest pure-play publicly-traded producers of metallurgical coal with geographically diversified assets in Canada, the US and the UK and with strong market positions in Asia, South America, North America and Europe. The combined company would have synergistic technical expertise in both open- pit and underground coal mining. The combined company's market capitalization and enhanced financial strength would position it well to execute on strategic growth plans. Western expects to produce 6.1 million tonnes of coal for the fiscal year ending March 31, 2011, growing to 10 million tonnes for fiscal 2013. Walter, based in Tampa, FL, has stated that it expects to produce 6.6 million tonnes of coal in the calendar year 2010, growing to 8.6 million tonnes in the calendar year 2012. The vast majority of production for both companies is metallurgical coal. Due Diligence Period Walter's proposal is subject to due diligence and negotiation of definitive agreements. During the due diligence period, Western has agreed to work exclusively with Walter for a period of up to 14 days expiring December 1, 2010. If a definitive agreement is not reached, no penalties will be incurred by either party. The Combination would be subject to approval by shareholders of Western and regulatory authorities. Walter's proposal is not binding on either party, except with respect to the exclusivity obligations. Western cautions that no definitive agreement has been entered into and accordingly no assurance can be given that the negotiations between Western and Walter will lead to a transaction that is consistent with Walter's proposal or to any transaction at all. Western does not intend to make any further announcements or communications regarding this potential transaction until either a definitive agreement has been reached or discussions are terminated without such an agreement being reached. Western has retained RBC Capital Markets as its financial advisor, Goodmans LLP as its Canadian legal advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP as its US legal advisor. Western's UK advisors are Trowers & Hamlins LLP (legal) and Cenkos Securities plc (Nominated Advisor). Western has established a committee of its independent directors to consider the Walter proposal. Deloitte & Touche LLP is acting as independent financial advisor to the special committee. Walter's agreement with Audley Western also announced that it was informed today by its largest shareholder, Audley European Opportunities Master Fund Limited ("Audley"), that Audley has signed an agreement to sell approximately 54.5 million common shares of Western (representing approximately 19.8% of Western's 276.1 million basic common shares outstanding, excluding common shares held by wholly-owned subsidiaries of the Company) to Walter at a price of $11.50 per share, or total consideration of approximately $630 million, subject to adjustment in certain circumstances. Western is not a party to the share purchase agreement. Under the share purchase agreement, the Western shares would be sold in two instalments. Upon the satisfaction of certain closing conditions, Walter would acquire approximately 25.3 million common shares for cash, with the balance to be acquired for cash or Walter stock immediately upon the combination of Western and Walter or, in any event, no later than April 30, 2011. The sale by Audley to Walter of 54.5 million common shares of Western is subject to the expiration or termination of the applicable waiting period under the US Hart-Scott-Rodino Antitrust Improvements Act and compliance with any other applicable competition laws. Western has been advised that a copy of the share purchase agreement will be filed by Audley on SEDAR (www.sedar.com) and by Walter on EDGAR (www.sec.gov). About Western Coal Western Coal is a producer of high quality metallurgical coal from three mines in northeast British Columbia (Canada), high quality metallurgical coal and compliant thermal coal from four mines located in West Virginia (USA), and high quality anthracite and metallurgical coal in South Wales (UK). Other interests owned include a 24% interest in Mandalay Resources Corporation (MND: TSX), 40% interest in Xtract Energy (XTR: AIM), and a 20% interest in NEMI Northern Energy & Mining (NNE.A: TSX). The Company is headquartered in Vancouver, BC, Canada, and trades on the AIM and TSX stock exchanges under the symbol "WTN". More information can be found at www.westerncoal.com Forward-Looking Information This release may contain forward-looking statements that may involve risks and uncertainties. Such statements relate to the Company's expectations, intentions, plans and beliefs including, in particular, statements relating to a potential strategic business combination between the Company and Walter and the terms of any such transaction. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in these forward-looking statements as a result of various important factors, including, but not limited to: the Company's ability to negotiate a potential strategic business combination with Walter; the price, terms and conditions of any such transaction; the benefits of any such transaction and its impact on the Company's business;, changes in commodity prices; strengths of various economies; the effects of competition and pricing pressures; the oversupply of, or lack of demand for, the Company's products; currency and interest rate fluctuations; various events which could disrupt the Company's construction schedule or operations; the Company's ability to obtain additional funding on favourable terms, if at all; and the Company's ability to anticipate and manage the foregoing factors and risks. Additionally, statements related to the quantity or magnitude of coal deposits are deemed to be forward looking statements. The reliability of such information is affected by, among other things, uncertainties involving geology of coal deposits; uncertainties of estimates of their size or composition; uncertainties of projections related to costs of production; the possibilities in delays in mining activities; changes in plans with respect to exploration, development projects or capital expenditures; and various other risks including those related to health, safety and environmental matters. Readers are referred to the documents filed by the Company on SEDAR. -30- For further information: +------------------- | Western Coal Corp. | Buchanan | Cenkos | | David Jan | Communications | Securities | | Head of Investor | Bobby Morse / | Nominated | | Relations | Katharine Sutton | Advisor and | | +1 604 694 2891 | +44 (0)207 466 5000 | Broker | | David.jan@westerncoa | | | Ivonne Cantu / | | | | +44 207 397 8900 | +------------------- This information is provided by RNS The company news service from the London Stock Exchange MSCGMMMMRRKGGZG |
Posted at 03/10/2010 23:59 by rs2ooo No fidra I don't as my system is already long.Whether it gives a signal or not, I'd probably close at 387p anyway as I see resistance likely in that area. Obviously, if a sell signal came prior to that level, I'd close it out earlier. This doesn't mean that it will stop going up at 387p, as a trader rather than an investor it is just the way I trade to keep risks down. Sticking with miners, I don't look at many, but RIO has recently gone flat and is in the process of giving a short signal that needs a little lower to confirm. Not sure if WTN correlates with such big miners, but it's something to be aware of. This short signal is on the hourly and 4 hourly charts, not yet on the daily chart. This would mean either that the overall RIO trend will remain up pending a small pullback, or it could mean that the daily is lagging the much quicker hourly and 4hourly time frames. More will become apparant over the next couple of sessions. Back to WTN, I would not short it based on the 4 hourly target of below 301p simply because there isn't enough volume in that time frame to trust it. But I probably would be a buyer if it did go down to that level (only cos I missed the bottom in the first place). If you want to see some charts of other stuff, click my username, though I do not discuss the working details of my system in any thread. |
Posted at 13/9/2010 23:51 by sammu Keith on TV on the 9th:Webcast from agm on the 9th: First 15 minutes v. dull. Pursuing opportunities outside of North America to access markets key emerging markets including Indian market... Unicorn acquisition - not much detail given. |
Posted at 24/7/2010 00:48 by rs2ooo Totally agree with eeny's points here....LSE chart performs very well technically, so like eeny, I haven't felt the need to confuse myself by comparing it with TSX. With charting, the more data you have, the more doubts you get and this can potentially inhibit successful trading. As for volume, I find it of little importance in this algo driven market. The trend of the last 18 Months has been strong rises on diminishing volume and corrections on extreme volume. This indicates that there are increasing liquidity outflows and we are simply setting up for more flash crashes.....but predicting when they will occur is impossible. So for now, reading into volume too much can get you on the wrong side of a trade.... Also remember, as traders/investors it is our job to buy into a share BEFORE the big buying volumes arrive, as it is this volume that will propel our profits. I wouldn't recommend trying to tade BDI as it does not conform to normal TA and obtaining the fundamental data in a timely manner to trade it succesfully is not easy. Based on my TA knowledge It's easy for me to say, "not keen on the (BDI) chart it looks like it's going down", but it's not so easy to quantify that statement with conviction. |
Posted at 29/6/2010 17:26 by pokerbrat Broken pap, just as all patterns are eventually. And this time to the downside, which means a test of $4 and the 200SMA is on the cards.In true TA, you would target the move out of the triangle by measuring the size of the mouth of the triangle (in this case about $1.30) and extending it from where the triangle was borken. So that would suggest we could fall as far as $3. You gotta love this stock, it's so volatile that it is a traders dream. Not so much fun for the buy & hold investor though. |
Posted at 26/3/2010 10:24 by rs2ooo EdmondJ - 26 Mar'10 - 08:21 - 479 of 480What relevance does some crude straight line have -------------------- EJ, Much more relevence than most "investors" such as yourself could ever imagine! A straight line on a chart defines support and resistance, the simplest, yet ultimate method of understanding supply and demand for the stock in question. It was a "crude straight line" that got me into the trade at 138p a few Months back. I changed from being an investor to a trader, and will never, ever look back. Educate yourself with this link to the charts of Stockcharts most followed trader: Ultimately, the proof is in the pudding - The liklihood of WTN finding support above yesterdays high in the short term is unlikely, and this is because at that level there becomes more supply than demand regardless of "valuations". As with any type of trading, it's not always possible to call things correctly, but we have to act where the highest level of probability resides. |
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