It's actually worse than that, as the debt factor is greater than stated.
However, unlike many mines that have folded in the last year WLC is now out of care and maintenance, and actively mining and shipping…..Jindal ave helped them weather the storm certainly.
The other thing to consider, is that WLC are exporting coking coal…not steaming coal. Coking coal will always come of out of a coal p[rice slump better than steaming…it is a limited supply..and sought after.
Happy to hold at present
WLC Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
