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$7.75 whitehaven coal limited

Purchasing low grade domestic coal (or cheap low grade...

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Honeyhunter

275 Posts.

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31/01/23

10:52

Post #: 65970154
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Originally posted by Hopeful9: ↑

Stupid and "stupider" (not a word but sums it up):

(from 'The Australian' 31 January 2023):

The NSW government has pushed back the introduction of a coal reservation scheme after fierce criticism from export-focused producers, with orders setting aside up to 10 per cent of the state’s production now not due until as late as mid-February.
But while the NSW government is yet to release details of the proposal, first reported in The Australian, industry sources say coal miners could be forced into loss-making contracts with other local miners to meet their obligations if they are unable to divert coal from export markets.
Industry sources say government officials have made it clear to coal companies they are focused on the delivery of coal rather than its source. That effectively suggests exporters concerned about delivering high-grade export coal to NSW power stations should buy lower-grade offerings from other miners to contribute their share of the domestic coal reservation.

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Purchasing low grade domestic coal (or cheap low grade indonesian?) shouldnt affect whc sales. May be just a small cost for WHC under the reservation

WHC Price at posting: $8.23 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $7.75		Change 0.180(2.38%)		Mkt cap ! $6.483B

Open	High	Low	Value	Volume
$7.64	$7.77	$7.55	$43.10M	5.622M

Buyers (Bids)

No.	Vol.	Price($)
4	41228	$7.74

Sellers (Offers)

Price($)	Vol.	No.
$7.76	10033	2

View Market Depth

No.	Vol.	Price($)
2	14921	7.740
1	10000	7.730
5	44962	7.720
3	23334	7.710
4	19022	7.700

Price($)	Vol.	No.
7.770	14029	2
7.780	12629	2
7.790	19225	5
7.800	26971	9
7.810	7297	2

Last trade - 16.10pm 21/05/2024 (20 minute delay)


Last $7.75			Change 0.180 ( 2.60 %)
Open	High		Low	Volume
$7.63	$7.76		$7.55	2739804
Last updated 15.59pm 21/05/2024 ?

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