Ann: Change in substantial holding, page-21

Hi All,

1 Take this post with a grain of salt as I am not well but wish to be mind active at least.
2 To the best of my knowledge WHC does little or no direct business with Chinese companies.
3. I understand that China sets its own Coal index for trading purposes, as does Newcastle via GlobalCoal, for example,
4. WHC sells specialized mix of export coals which attract a premium of metalurgical and thermal HELE coals. Therefore bigger GP margin.
5. Japan doesn't look like embracing nuclear power again for some significant time yet.
6. Nice market rise last few days.
7. DYOR BLTA.

Regards MG