I agree with you. It's just unfortunate that they acquired those mines when coking coal prices were at very high levels. $350USD. I'm sure they did not factor in that the price of coking would fall to $200USD and even under.
June quarter average coking coal price WHC achieved was $271AUD when average coking coal price was approx $275USD. June and Sep quarters are a stark contrast.
What do you think average coke price they realised in the September quarter?
Let's not forget guidance for 2025 is at $170-$180AUD mining costs.
So using just basic logic (I could be wrong and I won't blame others ha ha) coking coal division will be markedly down in profitability compared to June quarter.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)