WALTER ENERGY Coal is a key ingredient in the production of STEEL... a Worldwide market for Railroads and Bridges everywhere
a quote on the Walter website ...
“Walter is the best way to gain exposure to upward
coking coal price momentum. The company offers pure
play exposure to coking coal… offers better risk-reward
and downside protection due to its lower cost position
and premium mix”
Morgan Stanley l Feb 19 2013
So if coking coal goes up in price, then what pps for WLT I wonder ? ...
All Coal Mining experts are welcome to can respond, about anything that they think is relevent to the current and future Global Met Coal picture as I understand it ...
But do not tell me about the LOANS unless you are so experienced in Highly leveraged cyclical mining companies finance that you could add meaningful value that is not already priced into the current WLT price per share
Everyone except the trapped SH...i..Or ..it Funds seem to realize, that WLT now has the backing of it's financing group which equals a GREENLIGHT from their Banks last month , for 2+ more years !!!
Andall other options are on the table to increase shareholder value, above the $70 insider buys ...
Good luck Shorts... finding the 30 MILLION shares to cover with lower than $12.94 per share !