The CR was just a victim of time, if the run on coal was 6 months later you would be singing a very different tune.
If I was running the show I would have done the same thing given the same situation, borrowed money to buy other assets given NA3 was stalled and NHC was basically a 1 horse race with Bengalla at the time.
I have no issue with the outcome, they are addressing some of it now with buy backs, it is what it is, still printing money hand over fist.
Ann: Update - Notification of buy-back - NHC, page-21
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Last
$4.78 |
Change
0.090(1.92%) |
Mkt cap ! $4.040B | |||
| Open | High | Low | Value | Volume |
| $4.76 | $4.80 | $4.69 | $20.43M | 4.273M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 68353 | $4.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.78 | 95424 | 10 |
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| NHC (ASX) Chart |