Target $18.72, page-3850

That’s the key risk to me right now, moreso than the coal price / upcoming shoulder, and is largely what is keeping me on the sidelines - the high potential for the incoming NSW government (Labor OR Liberal) to do something stupid.

I sold my original position just before Labor’s October budget because I didn’t trust them not to do something stupid, and they delivered (off-market buybacks). In the days following WHC had about $2 knocked off the share price. Obviously it recovered and got back above $10 briefly, but it did get me thinking at the time about what we might need to worry about come March. But to be clear, this is a short term concern, not a long term issue for WHC.

But I can’t even trust the capitalist party anymore, what a weird world we live in.