A few thing are beginning to break as bulk commodity alarms go off. The thermal and coking coal crashes have claimed Whitehaven:
Goldman Sachs has cut its target price for Whitehaven Coal by 7 per cent after the coal miner’s inaugural investor day.
The target price was cut to $2.70 a share from $2.90 a share due to a weaker outlook for thermal and semi-soft coal and negative free cash flow over the medium term (driven by growth capex).