Top chart - Current quarter. Bottom chart - Previous quarter vs current quarter. Met coal is pretty much the same.
The "correlated with thermal at 3 month highs" you speak of (which isnt even a thing at the moment, because thats next months price, which you dont know whether they will hold or not, remember when Haga predicted prices? that went very wrong for him). So, from April low of ~$98 to now (not a 3 month high by the way) of ~$106 means a coal price rally of ~8% (minus any currency change because the AUD has got a a couple % stronger).
"I think, pretty relevant. Unless you think stocks dont trade inline with earnings" By that logic, WHC should have jumped ~8% from its lows which would give it a share price of ~$4.80-$4.90 or so. That's probably where it will head.
"Already outlined with the next month contract is the most relevant. not 5 or 6 months in the future" Cool bro, had nothing to do with my point.
WHC Price at posting:
$5.82 Sentiment: Sell Disclosure: Not Held
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