WHC has been a serial underperformer over recent years and the company unfortunately maintained form after recently downgrading production and announcing costs had risen – a bad combination! The near dated coal price may have surged to fresh multi-month highs but the corporate performance is proving a major weight on the WHC share price, another attack on $3 feels a strong possibility but $3.50 is now feeling like a step too far.
MM remains long and cautiously bullish WHC
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Whitehaven Coal (WHC) v Newcastle Coal ($US/MT)
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Whitehaven Coal (WHC) v Newcastle Coal ($US/MT)
