Target $18.72, page-8026

Ok so as a newbie to coal, my understanding is:

Pro
* Getting the date of Acquisition of Daunia / Blackwater (if April Goes ahead)
* We are already at perceived lows in Thermal prices ($110-$120)
* If we get further details of partial buyout of blackwater

Negatives
* Large decrease in dividend
* 18% decrease in Thermal Coal prices from Q2
* At the results date we are past the time when people normally make coal orders so in theory prices are normally weaker (that being said we should be close to bottom already but if we break through $110US we could have problems)

Personally Ssayrus, I think we should be hoping for lower prices as that will give us a good opportunity to buy more. (I would ask that you give me a opportunity to buy a little here before you splash around your dividends and buy back too much )

We might get a rebound if the merger date gets finalised but i dont think it will last for long if it does. Maybe between 16 Feb (WHC 1/2 Result) - 21 April (Quarterly Report)? I think that other coal companies results after WHC with decreases in dividends will weight down the sector also I think these new low prices will weigh down WHC after the quarterly.

Yes. I am biased. I think and hope April - June provide a good opportunity.