Whitehaven Coal to Rare Earths?, page-11

Yes, fair points, at least constructive, so if you want to affiliate with the cabal, then you will need less focus on topic content, and more opprobrious intent.

WHC is a base, garden variety commodity stock, entirely a coal play, thereby susceptible to cyclical demands, and highly leveraged to the global benchmarks, and specific to WHC, another adverse factor being that Board and CEO. Currently there is another regular nett wave of cascading declines in the coal futures, and at some nearing point, may be revenue neutral or worse, thus jeopardising all those cash reserves, dubiously referenced from time to time.

Deployment of capital presumes prudent and disciplined plans and management, not a high priority by the managment in WHC. Now they are in the business of being a share trader, for a coal miner, and where is the expertise for this type of risky investment?

As to that acquisition (?) of the BHP obsolete relic coal mines, more accurate to state the obvious, WHC was done over by BHP, particularly the price paid and vendor finance, entirely favourable to BHP. See the link below for a detailed analysis of the funding of this WHC frolic. See also the likely the medium-term impact on dividends, already at risk.

https://ieefa.org/resources/funding-whitehavens-latest-acquisition-reveals-shallow-lending-pool-australian-coal