The thing is this, why is WHC going downNarribri - ? - id say...

The thing is this, why is WHC going down

Narribri - ? - id say this is too much of an exaggeration

power demand - ? id say this is what is generating the most fear and is the result of the share price going down, but i also think this is a miscalculation from investors. I work as a DNSP in australia, have more than 10 years experience, consumption in india will not be substantially (>20% reduction exceeding two months) effected by covid. Please read: https://www.sciencedirect.com/science/article/pii/S0301421520306753?dgcid=rss_sd_all

The futures for coal are tracking lower for 4-6 months down which is and over exaggeration
And remember India is only one of WHC coals prime customers, Japan another, but effected to a lower degree by covid. I suspect that this wave will equate roughly to a 5-7.5% reduction in coal demand for less than a month, and 3.5-5% for 1month - 2months, make of that what you will, but i dont think this equates to a 25% loss in share price. Especially given its temporary. Regarding Narribri, issues will subside given autumn, winter months are ahead and the plans to move to long wall 201,202 - i mentioned this as a comment in the intelligent investor article, and the aurthor agreed, still even though im still suspicious of whether he had taken this into account.