WHC 1.51% $7.75 whitehaven coal limited

Ann: Acquisition of Daunia and Blackwater Mines Completes, page-38

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    Normally you could have a valid argument. But we are talking about an unloved sector, with ostensibly structural decline and the vagaries of commodity cycles.

    Being that it is not a single asset ( coal) business, gearing should be minimum.
 
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