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There is one WORD that rules them all in Commodities -...

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1ronnie

26,955 Posts.

2402

20/08/24

16:06

Post #: 75288981
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Originally posted by PaddyMac33 ↑

2022, thermal coal was $400 per tonne and met coal was $630 per tonne, WHC peaked at $11 and YAL $7
2024 (now), thermal coal is $145 per tonne and met coal is $200 per tonne, WHC is now $7.30 and YAL $6

WHC have paid $1.29 and YAL $2.63 in dividends since 2022, plus the millions in buybacks

Dividend adjusted would have WHC at $8.59, and YAL $9.63 (excluding buybacks)

WHC also acquired BMA assets in that time. YAL have not acquired any mines (but are planning to now).

Let's see where the prices are in 2 years time as both companies aim to be majority met coal play.

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There is one WORD that rules them all in Commodities - CYCLICALITY.

Commodities are due for a major hammering in the coming Deflationary Bust.

Just when the Stagflationary phase is about to begin, that would be the time to BUY in big.

Demand matters above all, Supply a stale bull's narrative.
1 Upvote

0 Great analysis

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