WHC 0.34% $8.97 whitehaven coal limited

My $5.70 WHC short is making money.  I'm betting against a...

  1. 723 Posts.
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    My $5.70 WHC short is making money.  I'm betting against a dishonest industry that is no longer needed, that kills millions of people a year, that health organisations and scientists hate, and is likely to be closed down in a few years.  WHC's thermal coal division (which makes up the vast majority of its business) has no future.  HELE is not 'low emissions'.  It is a very expensive technology platform that reduces emissions by 10-15%, depending on configuration.  Japan has started building vast renewable plus energy storage facilities.  Once these are compete in a few years, it will progressively close down all of its coal fired power stations and WHC will have zero customers.  Going long on WHC today is to purchase assets that will be stranded (worthless) in a few years time.  
 
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