Great Post ! Did you include the MetCo's expansion capex ? Warriors investments into BC, AMRs into Wildcat (ok they are loosing money atm for sure), Peabodys into Centurion, Whitehaven paying down their aquisition/ Yancoal paying for their aquisition ? I think that's where a lot of their money could have ended up = no changes in cash on the balance sheet
A lot of these miners sitting on >400mio $ cash piles so I'm also a bit frustrated atm. Would like to see sub 180PLV again to buy the best miners at real bargains
Warrior are yet to report. AMR did preliminary report EBITDA of $25m (cash gen tbh). Whitehaven net debt went from A$0.6bn to A$1.3bn which is the value of the deferred (US$500m). Yancoal paid a small deposit on Kestrel but transaction yet to close.. Will know more when full financials reported
Great Post ! Did you include the MetCo's expansion capex ? Warriors investments into BC, AMRs into Wildcat (ok they are loosing money atm for sure), Peabodys into Centurion, Whitehaven paying down their aquisition/ Yancoal paying for their aquisition ? I think that's where a lot of their money could have ended up = no changes in cash on the balance sheet
A lot of these miners sitting on >400mio $ cash piles so I'm also a bit frustrated atm. Would like to see sub 180PLV again to buy the best miners at real bargains
Warrior are yet to report. AMR did preliminary report EBITDA of $25m (cash gen tbh). Whitehaven net debt went from A$0.6bn to A$1.3bn which is the value of the deferred (US$500m). Yancoal paid a small deposit on Kestrel but transaction yet to close.. Will know more when full financials reported