At some stage you have to sell because of it's cyclical nature. What's the point of earning dividends if your capital is eroded by the cycle only to wait years before you break even again.
You don't need to pick the top, just make profit or cut loosses and preserrve capital andt it's easy to see that WHC won't be achieving anywhere near the prices of coal during the December quarter. (both thermal and met) in this quarter.
Just have to look at the spot price charts for December and thus far the March quarter. That's how I see it.
Coking and Thermal coal prices...where are we going?, page-244
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Last
$5.57 |
Change
-0.200(3.47%) |
Mkt cap ! $4.659B | |||
| Open | High | Low | Value | Volume |
| $5.75 | $5.82 | $5.56 | $33.96M | 6.031M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 36014 | $5.56 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.60 | 6192 | 2 |
View Market Depth
| Last trade - 16.14pm 23/06/2025 (20 minute delay) ? |
| WHC (ASX) Chart |