100% correct. Debt will remain and it was never said they would pay it down. That's why I ask, where have these posters received this information?
Someone on here must've started a dream and the rest followed?
Was it you @hagetaka ?
Buy backs won't happen for sometime.
Unless coking coal price goes up WHC is going nowhere. I hate to say this as i hold but I also stopped shorting because the SP is in a precarious position.
The fact that WHC missed the saleable forecast of between 3.5-4.0 really does FA to the FCF. However, the coal price increase or decrease impact is massive.
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Price($) | Vol. | No. |
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