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Montalbano

1,485 Posts.

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24/07/23

14:24

Post #: 68947677
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Originally posted by saracenm: ↑

This isn't a sensible place for you to come in to talk down the economics of coal simply as you have a moral issue with it.

Most people here have invested exactly because the energy transition has created a opportunity for a commodity still criticial to the worlds energy needs, which morally is a necessity for the developing world.

There are other forums or platforms where you will find like-minded people. Picking personal fights / arguments here is just going to grind you down while you sound more and more extreme and from my own viewpoint this distracts people from talking about their investment - which is the actual point of this forum,

At least you are genuine and transparent about where your view comes from (cbr take note).

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1.To whom is your post directed- you did not indicate? I certainly don't have a "moral issue with coal", it is essential for a modern, good standard of living.

I cited Rick Rule, so am obviously very much in favour of more utilisation of coal power, to provide cheap, reliable, baseload electricity for billions of people in the world.
I agree that aircons are needed for many more people (particularly the elderly), when heat waves occur, for health reasons; & that solar & wind power cannot provide cheap, reliable, baseload power to power all the aircons etc. needed. There will be a need to increase coal-generated power.

2. FNArena S. Mills 20.7.23 said
"Brokers Have Their Say
Citi is on the side of rising coal prices, observing realised prices hit a record average of US$445/t in FY23 versus US$325/t in FY22. The broker believes the Newcastle coal price forecast appears low given resilience in spot pricing.
As a result, the broker retains a Buy, High Risk, rating and $7.80 target price.
Ord Minnett also takes a positive view and Whitehaven Coal remains its top thermal coal sector pick, the broker appreciating its high-quality thermal mines and pipeline for metallurgical coal.
But the broker does spy headwinds for FY24, citing costs, a delayed tax payment to the December half, and Werris Creek closure and capital expenditure.
All up, the broker retains a Buy rating and its target price edges up to $8.40 from $8.30".

It's good to see that Ord Minnett has raised its SP Target for WHC to $8.40- this is the highest TP, from a broker, that I am aware of in the last 2 months.
Can anyone post please here the Ord Minnett report; &/or the Citi report?

WHC Price at posting: $7.23 Sentiment: Hold Disclosure: Held
8 Upvote

2 Great analysis

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