I think it's 98% coal prices driving whc shares as it should be
Last couple of days there was a lot of noise which should be ignored. I compare it to turbulence in a plane which can certainly be uncomfortable but doesn't stop you from reaching your destination.
RB1 (rsa benchmark) traded $100 yesterday and all indices were up again. They have reached levels where whc will be making plentyof cash.
There is more to come: China has ditched their import restrictions. Cold weather in northern china and safety issues at their mines have prompted them to do so. No oz coal still but that doesn't matter. Prices will go north as long as overall demand exceeds overall supply.
Even if prices stabilise at current levels i feel sp still has a lot of catching up to do, which should happen over the course of the coming days or weeks.
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