WHC has been a thorn in the side of our portfolio following its recent disappointing report but we believe the correction has gone too far simply because many investors had followed broker upgrades and gone long. MM is looking for the elastic band of the underlying coal price to ultimately drag WHC back towards the $2 area, this is clearly an aggressive and controversial play with fossil fuels so unpopular in today’s world but our job at MM is to asses risk / reward not to interpret ethics. A recent podcast with Peter O’Connor is available here.
MM is increasing our WHC position
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Whitehaven Coal (WHC) v Coal Price ($US/MT)
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Whitehaven Coal (WHC) v Coal Price ($US/MT)
