Acland Mine Approval, page-180

As always, please DYOR but for noting, here's an extract from this morning's 'lively' blog:

New Hope Corporation (ASX: NHC)

Chris Conway: Let's get into buy, hold, sell. The first stock that we're going to talk about is New Hope Corporation. Of course, the coal miner share price has slipped 16% since the start of the year. Are you buying the dip, James? Is it a buy, hold or sell?

James Gerrish (BUY): We own New Hope. So it's a buy here. It's slightly below where we bought it, but you've got to consider that they paid out 40 cents in fully franked dividends in April. So that's obviously supportive of the total return that it's generated. It comes down to coal prices and I think coal prices are a low point. New Hope's probably at a low point. So it's a buy for income-focused investors in my book, Chris.

Chris Conway: Joe, what about you, buy, hold or sell?

Joe Wright (HOLD): We don't own it, but if we did, it would be a hold. I think the balance sheet's in great shape. It's obviously on a really low multiple. They've got a good asset in the right part of the cost curve. For us, again, we're just not as constructive on thermal coal as some other energy commodities, and that's why it's probably a hold and not a buy.