1.Why did you say "Perpetual selling?".
Perpetual has currently been a major net buyer of WHC (& now owning c. 47m shares, 5.6% of WHC, which) is very bullish for WHC SP; ditto expert institutional confidence in WHC's ongoing strong profitability.
WHITEHAVEN COAL LIMITED (ASX:WHC) - Ann: Becoming a substantial holder from PPT, 75858108, page-1 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum
2. The strong met coal price rise to US $231 p/t (from the Sept.2024 low of US $185) will obviously cause a significant rise in WHC profits ( if this US $231 price can be held, or continues to increase- but its too early to judge. IMO, we need to wait at least 6 weeks, to see if a new, "permanent" upward cycle in met prices has commenced).
From barchart 1.10.24
SGX Aus Coking Coal Prices and SGX Aus Coking Coal Futures Prices - Barchart.comSGX Aus Coking Coal Dec '24(U7Z24)
239.00s+16.00(+7.17%)09/30/24[SGX]for Mon, Sep 30th, 2024Find the latest SGX Aus Coking Coal prices and SGX Aus Coking Coal futures quotes for all active contracts below.Latestfutures price quotes as of Mon, Sep 30th, 2024.
Target $18.72, page-10673
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Last
$7.27 |
Change
0.050(0.69%) |
Mkt cap ! $6.082B | |||
| Open | High | Low | Value | Volume |
| $7.15 | $7.28 | $7.11 | $35.92M | 4.964M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5443 | $7.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.27 | 33547 | 8 |
View Market Depth
| Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
| WHC (ASX) Chart |