Stock jumped 13% (as of writing) this morning -- due to very positive quaterly report released today.
*Share price is well under book value.
*Companies balance sheet is very healthy.
*Share price is linked to coal price (cyclical, should recover): https://markets.businessinsider.com/commodities/coal-price
*Coal is likely to remain the most affordable fuel for power generation in many developing and industrialised countries for decades.
*There is lots of global supply of coal (ie competition) but... most coal is used in the country in which it is produced.
*Most of Australia still runs on coal (chart: https://reneweconomy.com/nem-watch/)
*Asian countries have built lots of new coal power plants.
*Transportation costs account for a large share of the total delivered price of coal. (The closer the better)
*Quick overview of WHC