I covered WHC with SHAW’s resources analyst Peter O’Connor yesterday – worth a listen but for the time poor his view remains that $2.50 is a real possibility over the next 12-months once the latest poor trading update is behind us: Listen Here
One “buy” catalyst which would catch our eye would be a few bad days for coal which WHC basically shrugged off, it would be a great indicator that the short-term selling had washed through – we feel the elastic band between the coal price and WHC has stretched too far.
MM is bullish WHC looking for an area to increase our exposure
Add To Hit List
