Overnight we heard that the Chinese majority owner of YAL is looking to acquire the remaining stake in the company, Australia’s largest listed coal miner. This will be an interesting scenario for Mr Albanese especially as Yankuang’s valuing YAL at $US3.60 significantly below the current share price ~$6. Another stocks that’s in the too hard basket for MM, we are happy to leave this one to the politicians and bankers.
NB The Chinese business Yankuang already owns 62.6% of YAL.
MM is neutral YAL
Add To Hit List
