Although the Newcastle coal price went down a little overnight, I think we will still see the SP climb, the movements were not significant and we are still well over $150 USD a tonne... Still printing money and we are getting slowly closer to the big payout time...
On other news: https://www.bloomberg.com/news/articles/2021-11-09/investors-pushed-mining-giants-to-quit-coal-now-it-s-backfiring?srnd=financialsInvestors Pushed Mining Giants to Quit Coal. Now It’s Backfiring
There’s growing unease that the divestment campaign could lead to more coal being produced for longer.
Basically, Green Scared mining companies have just 'flipped' their coal mining interests into at arm's length dedicated entities, who now free of the prior management burden and external costs, have focussed on their own interests and doubled down on mining very profitable coal...
The law of unintended consequences runs strong with the Green movement it appears.
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Last
$5.52 |
Change
0.050(0.91%) |
Mkt cap ! $4.618B | |||
| Open | High | Low | Value | Volume |
| $5.48 | $5.57 | $5.45 | $29.26M | 5.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2400 | $5.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.53 | 6762 | 2 |
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| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| WHC (ASX) Chart |