Target $9.36, page-2887

I agree with your comments. I have a veeery long position, I took a contrarian approach about 2 years ago, mainly because I thought coal shares were way oversold because funds like Unisuper held no fossil shares, yet the world needs energy for a long time to come. In fact a Tesla is largely coal powered.
The Ukraine war has been the reason that these shares have gone from $3.50 to nearly $9 making WHC one of the best performers on the ASX.
Conversely if peace breaks out or if Putin wins the world may go back to normal and energy prices particularly coal and gas will fall.
Most of Nato were prepared to let Putin roll in infact a lot of Europeans support Prussia, saying that Ukraine was corrupt right wing state. It is the US who are supporting the war so if Biden loses hi grip in November US sentiment could change IMHO.
No one has a crystal ball the war will slow down during winter. Europe will probably come to a deal with Russia concerning gas before the winter or else they freeze. In that case the price of coal will fall.
These are my thoughts, I would appreciate others thoughts.