WHC was a top 10 performer on Wednesday finishing the weak session up +1.8%. The catalyst for the gains were disruptions to Qatar LNG exports which drove a sharp jump in Newcastle coal prices. Overnight US coal stocks extended their recent strong advance and we can see more on the same on the ASX today.
- We are targeting the $10-11 for WHC in the short term – MM owns WHC in its Active Growth Portfolio.
MM is long and bullish WHC ~$8.30
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