target priceNew target price raised to 200-210.
This given the 380mil capx out of 540 mil for the Canadian ops.
Would like to see the drilling results on the new leases along the haul road be the catalyst.
Perhaps a min of 250mil tonnes to 350mil tonnes of new reserves between the two mines would be nice.
What ever the amount will be, they secured the Ridley port for all of it already.
Better than what most of these other companies can say.....
Record results coming up for this company (yawn)... just another day at the park.!
https://investorrelations.walterenergy.com/phoenix.zhtml?c=71978&p=irol-newsArticle&ID=1553020&highlight=
On to 160 with a quick breather to give the shorts a chance to get out....
https://www.dailyfinance.com/company/walter-energy-inc/wlt/nys/short-interest
Nice retirement plan right here!!