Target $18.72, page-52

Interesting to see the coal price drop a bit over the last couple of days. However, it has dropped a lot less in percentage terms than oil/gas etc.

It seems to me that the drop in the coal price is pretty much the result of the strong US$ rather than a weakening of the demand for coal.

The Aussie $ is today at 65.3 US cents. It is down from 67.25 at the beginning of the week.Basically down 3% on the week

So, not a bad performance from coal.

As we know, a strong US$ is good for WHC, so we have not lost much in the way of revenue this week, a week where the markets are basically in turmoil.

When you add the proposed BB into this scenario, I really cannot see the share price doing anything than going north (hope I haven't jinxed it).

So, maybe the cherry is teetering on the edge, but all of the cream is still there and we have a good imitation of that old-fashioned rock cake.






65.2 down 1.7% 67.25 down 3%

cherry been knocked off the top, but the cream is still there and the cake aint going nowhere