"2. Do you have any evidence that Perpetual has now reversed its recent huge WHC buying spree- & is now selling WHC shares?"
My thoughts were in another reply to one of your posts. I never said they were selling, I was just saying what these insto's do when they become and cease to be sub holders.
"1. Buy low, sell high. Sell high, buy low. They are not in the business of holding, they're in the business of making money for themselves and clients.""
Please explain your comment that "The major problem in my view for met coal is that China is now a net exporter and likely to be for some time yet"
.Are you including high quality met coal (as WHC sells)"With regard to net exporter, i read it in either coaltrader or coalhub. Can't find it.
Does WHC really have high quality coal as an overall mix of met coal and how is that relevant to China being a net exporter at the moment?
@Hugnis totally agree with your comments.
Blackwater is more than 2 times larger than Daunia. Correct?
I read somewhere or hear on a webcast that there's still a lot of pre-stripping to do.
Blackwater has lower quality coal something like 65 HCC and 35 SSCC
Daunia has higher quality coal of around 80 HCC and 20 PCI/Thermal
So based on historical data (purchase presentation) the coal coming out of B&D at the higher level (20.8mt which is 1.1mt higher than 2025 guidance) has an overall mix of
14.42mt HCC
5.18mt SSCC
1.2mt PCI
69% of the coal collectively at B&D is HCC.
(20min delay)