MM has stuck with WHC through thick and thin and although the company hasn’t been performing particularly well the underlying coal price is on fire – excuse the pun. Coal has surged 20% above its 2021 high yet WHC is still 7% below where it was in October. We’re still positive on WHC looking for some performance catch up and an eventual test towards $4, or 15-20% higher.
MM remains long & bullish WHC
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Whitehaven Coal v April Coal Futures ($US/MT)
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Whitehaven Coal v April Coal Futures ($US/MT)
