Many including myself have warned of the significant political risk coming coal's way. Writing was on the wall when Labor was elected. Here it is in writing.
I would venture that all things being equal the headwinds brought about by political risk over coming weeks/months will be FAR stronger than any perceived geopolitical risk benefits that have occurred due to Russia's invasion of Ukraine.
The implied spot curve continues to flatten/turn down throughout 2023/24... anyone who was cruncking numbers based upon ICE of $300+ better reduce that input substantially.
Political risks to remain longer and strengthen for WHC, Russian war to fizzle out beforehand. The bet is that simple.
WHC Price at posting:
$8.76 Sentiment: Sell Disclosure: Not Held
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)