This is a solid results by any measurements -
The Big boys are shaking the tree with gloomy headlines like "Whitehaven share price crumbles on plunging half-year revenue".
comparing the windfall results during the superhigh coal prices. WHC is a low cost producer and the H1F24 results shows it is a money making machine.
The acquisition of Dauner & Blackwater is financed from the existing cash pile and syndicated Finance facillities.
WHC management is considering selling a 20% stake in the Blackwater mine to global steelmakers instead of using the syndicated finance facillities and if prices are right may even sell up to 30%.
The $0.07 dividend is a tick in the confidence box by management to be able to remain a profitable cash printing machine company even if coal prices remain at the current low level.
WHC is on track to morph into a metallurgical coal miner and the results announced today is very positive and not the "gloom and doom" painted by the Big Traders.
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