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clock Created with Sketch. 19/10/22
14:43
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Originally posted by Alejandro1:
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Quarterly calculations, approximate shareholder earnings for the last 3 months based on equity sales. In the September quarter, sales consisted of 92% thermal coal and 8% metallurgical coal with 100% of thermal coal sales It is great to see blending fluidity allowing coking coal to be converted to thermal to achieve significantly higher pricing. lagship mine at Malues Creek had planned cuts to production due to sequencing, however access restrictions due to flooding, heavy fog and noise constraints lowered output further. However, it is good to see that Narrabri production was up and that longwall changeout has been successful, reflecting skilled and competent management of assets.In a stable pricing environment, and given our high CV coal, Whitehaven expects to achieve a premium to the gC NEWC I would expect Japan (WHCs largest customer) to require even more high CV coal from Australia leading up to and after March 2023.Mine sequencing plans allow for opportunities to lift volumes throughout the year, underpinning our expectation of meeting Spring is possibly the best time to do this as expected seasonal flooding constraints would disrupt production anyway.
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Quite amazing to think the cash generation over the past two quarters has averaged $1.70/share per quarter & is likely for another quarter. Add backing now of > $2/share in cash.
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