"You can bet your last dollar that WHC management would not have believed back when they bought the BMA assets that coking coal price would halve, No way!"
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So why did they put a lower bound on the coal price into the sale contract? If the coal price tanks, they don't need to pay as much for the BMA assets. Same thing that BMA included... a clause that let BMA benefit if the price mooned.
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So yeah, Paul did factor that in. Paul is a good operator.
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WHC Price at posting:
$4.78 Sentiment: Buy Disclosure: Held
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