It is not the decarbonisation thermatic (wow is that new word) it is they totally screwed up their expansion plans and have spent way more than Wmc on trying to develop a new mine. Not to mention acquisition costs. Simple. They have lost a billion or in costs and more in mkt cap. WMC have not spent a billion. I think it would be closer to $300 mill. Over their total investment.
WMC Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held