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Nathan Tinkler relinquishes ownership of the Newcastle Knights

Matchball

Bench
Messages
2,971
We should of had a visible poll at the start of all this to show who thinks the Knights will remain under Tinkler and the ones who don't so we can direct our lol's towards the right people.
I think the powerbrokers behind the scenes at the knights want him gone.
Nothing better than a debt free club and 20 million to play with, id be death riding Tinkler if i were a knights fan

Since November Nathan tinklers whc stock has made him $110m. The stock has gone up 20%. You see that's the thing with guys like tinkler, a good month on the stock market can see any financial worries disappear.

Thats all fine and he can possibly save himself but his reputation has taken a beating and easy oppotunities dont just roll up everyday, mining boom is slowing.
Who going to trust him again in business?

I think he will save himself but will be more restricted in spending, his wealth depleted to maybe 100 million which will require him to take another punt and lose the rest.
He isnt the sharpest businessman.
 
Messages
17,032
I think the powerbrokers behind the scenes at the knights want him gone.
Nothing better than a debt free club and 20 million to play with, id be death riding Tinkler if i were a knights fan



Thats all fine and he can possibly save himself but his reputation has taken a beating and easy oppotunities dont just roll up everyday, mining boom is slowing.
Who going to trust him again in business?

I think he will save himself but will be more restricted in spending, his wealth depleted to maybe 100 million which will require him to take another punt and lose the rest.
He isnt the sharpest businessman.

The mining boom is not slowing. All the miners on the asx are up 15-20% this month. This is all another media build up. Mining has entered a new phase where there are less projects but companies are still increasing production. It is not slowing, iron ore is also up 10%. The outlook in china is improving. All is well.
 

9701

First Grade
Messages
5,400
I think the powerbrokers behind the scenes at the knights want him gone.
Nothing better than a debt free club and 20 million to play with, id be death riding Tinkler if i were a knights fan


Ok I'll put you down as a Knights won't be under Tinkler supporter then.
 

Rosetta

Juniors
Messages
683
The mining boom is not slowing. All the miners on the asx are up 15-20% this month. This is all another media build up. Mining has entered a new phase where there are less projects but companies are still increasing production. It is not slowing, iron ore is also up 10%. The outlook in china is improving. All is well.

Which would surely mean if Shenhua are going to make a move it will be sooner rather than later.

Whitehaven trying to snuff this out immediately makes me more suspicious tbh.

Whitehaven now up 8%. (24c)
 
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Matchball

Bench
Messages
2,971
The mining boom is not slowing. All the miners on the asx are up 15-20% this month. This is all another media build up. Mining has entered a new phase where there are less projects but companies are still increasing production. It is not slowing, iron ore is also up 10%. The outlook in china is improving. All is well.

Regardless of the figures, his reputation is battered. Thats the most important thing in big business.
Who will lend him money now?
He has proven time and time again to be not very business savvy and leaves a trail of debt in his wake.
 

Alex28

Coach
Messages
12,241
Which would surely mean if Shenhua are going to make a move it will be sooner rather than later.

Whitehaven trying to snuff this out immediately makes me more suspicious tbh.

Whitehaven now up 8%. (24c)

It appears to be a joint venture to mine the Gunnedah basin more than a takeover.
 

carlosthedwarf

First Grade
Messages
8,189
The mining boom is not slowing. All the miners on the asx are up 15-20% this month. This is all another media build up. Mining has entered a new phase where there are less projects but companies are still increasing production. It is not slowing, iron ore is also up 10%. The outlook in china is improving. All is well.

Continuous 15-20% is not sustainable, eventually it flattens out.
 

BunniesMan

Immortal
Messages
33,788
57m is a drop in the ocean in his situation. Doesn't begin to cover his debt.

And the shares are up only because of the possibility of him getting out of the company. The rise will be eaten up in a matter of days, mark my words.
 

Burwood

First Grade
Messages
5,122
Bunniesman, if it wouldn't be too much trouble, could you please look through this short list of companies I was looking to invest a spare $200 in. Any insights would be greatly appreciated.

DART ENERGY LIMITED
PANAUST LIMITED
VERTICON GROUP LIMITED
ELIXIR PETROLEUM LIMITED
YANGHAO INTERNATIONAL LIMITED
 
Messages
17,032
57m is a drop in the ocean in his situation. Doesn't begin to cover his debt.

And the shares are up only because of the possibility of him getting out of the company. The rise will be eaten up in a matter of days, mark my words.

Wrong.

Latest analyst results put a 12month share price target of between $4.80 - $6 for WHC and have a 'Buy' recommendation. This is not because Tinkler is going to get out. This is because WHC is a pretty good company with solid numbers. Yes the price of coal is down in the short term, but demand is only going to increase over the next few years. I read an article today that says demand for coal will overtake demand for oil in the next 10 years, mostly because China and India could not give 2 f**ks about clean energy such as gas.
 

axl rose

Bench
Messages
4,960
Bunniesman, if it wouldn't be too much trouble, could you please look through this short list of companies I was looking to invest a spare $200 in. Any insights would be greatly appreciated.

DART ENERGY LIMITED
PANAUST LIMITED
VERTICON GROUP LIMITED
ELIXIR PETROLEUM LIMITED
YANGHAO INTERNATIONAL LIMITED

Don't be so conservative, just give bunniesman all your savings. You wont regret it, mark his words.
 

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