1.To whom is your post directed- you did not indicate? I...

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?