What happened to unhinged demand and lack of supply? I dont understand how one can have the thesis that coal (thermal/coking) is in high demand and the supply is limited, yet the price can drop from bubbling along at just under $300USD to now just under $200USD. Not to mention the slightly stronger Australian dollar too.
Anyway, it doesn't really matter for me. I made my trade, sold out all for $7.80 last year.
And put it into RMD
Made a much better return. WHC would have to reach $12 for me to make the same return. That aint happening anytime soon.
Well done on those that bought sub $6. I admit I was saying that a sub ~$5.75 looks good. Probably could have bought a small trading parcel, but my mind is looking at other undervalued securities currently. That being said, a lot of this is being driven by Macro Chinese stimulus, something that no one can really accurately predict.
(20min delay)