LNG production capacity until 2026 will be constrained by lead time to production even where FIDs is taken in 1H2024. Germany and the rest of the EU will increasingly depend on non Russian thermal coal for base load and India will not want to become too dependent, hence they'll buy AUD coal. AHQ needs the $ to buy the equip to produce. Happy to buy the rights to the shares, but I'll watch like a hawk. dilution is evitabile but if they can get on the gravy train, and there is plenty of time, will do well. happy for US to release the dregs of the strategic reserve, boosting US coal production will be next if they fail at the mid-term (as Dem have already quietly unclogged the shale gas system, most regions are up 20% expenditure according to the EIAs latest).
AHQ Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
