The ironic thing is that the weather & COVID impacts that have reduced production are also part of the reason why coal prices are so high at the moment which NHC benefit from when they sell. Let's face it, if all of these coal companies could produce to full capacity now it would reduce the sales price. These shortages do wonders for commodity prices...
YAL had a bad quarter for production. WHC had a bad quarter previously due to COVID & weather so this is not unique to NHC. Interesting that their updated guidance for FY22 is for 4.0% increase in tonnes sold compared to the previous guidance. All explainable & reasonable.
NHC Price at posting:
$3.78 Sentiment: Buy Disclosure: Held
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