Demand in central Asia for coal will undoubtedly be the key driver. But where will they satisfy their demand?
Cost efficacy of rail vs ship w/sanctions in place is a factor, given global rise in shipping cost.
Strengthening BRICS relations with Russia's move. Cyclicality of Indias mass growth? Do they need a period of time to breathe?
Will coal shipped from Newcastle end up cheaper than rail coal from Russia? They have abundance of it, it's just about getting it from A to B.
Possible middlemen buy the coal into China and on sell to India through laundering?
Given historic coal prices, current cost of extraction per ton and current SP (irrespective of costly acquisitions) I think WHC is fairly valued right now.
Russia Economy: Moscow Is Building 'Trade Route for Pariahs' Via Rail (*.com)
Target $18.72, page-8739
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Last
$6.86 |
Change
0.055(0.81%) |
Mkt cap ! $5.743B | |||
| Open | High | Low | Value | Volume |
| $6.86 | $6.89 | $6.83 | $3.648M | 531.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 12457 | $6.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.86 | 3928 | 14 |
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| Last trade - 11.32am 06/11/2024 (20 minute delay) ? |
| WHC (ASX) Chart |