Tinkler on stake sale The Tinkler Group today sold the majority of its stake in Whitehaven Coal Ltd at $2.96 per share. While we are happy with the price we have received, being a 40 per cent premium to the current market price and a recent high for the company, we feel strongly that this still significantly undervalues the company's underlying asset base. Many will be aware of the emotional attachment that Mr Tinkler has to the assets of the company, specifically Maules Creek, and that selling this stake was a difficult decision. However we believe that no longer being a substantial shareholder of Whitehaven will benefit all existing shareholders. Whitehaven's asset base, consisting of low strip ratio, high yield and premium coal quality coal, provides for a strong future and we wish the current shareholders well in extracting this potential value from the assets. Lastly, we would like to thank Noonday Asset Management and Farallon Capital Management for their long term support of Aston Resources, and now Whitehaven, and wish them all the best as the company's new major shareholders.