Sorry I was thinking about the June 30 period with the Grosvenor fire (not September) At the time we saw a brief spike in met and WHC price jumped 20% but within 30 days it was back to where it was before the fire. You said at the time that this price spike wouldn't last and you were right! (I won't judge you regarding the Hilux - as long as its an old one) So I was wondering if its the same this time especially if we dont know if Moranbah North has a fire or just an ignition? and will be back up and running. Last year it didnt seem to make any lasting difference to met coal prices but if we are the bottom of the cycle then things could be different.
Im in with large position (for me) and am expecting a big jump on full year results but am cautious if we get too much of a run before August... Thanks for your comments.
WHC Price at posting:
$5.54 Sentiment: Buy Disclosure: Held
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