Australia's largest stock trading and investment forum Australia's #1 stock forum

NHC

Click for more information

1.35%

$4.51 new hope corporation limited

$10 thread, page-287

First 287 Last

Share
Profile

Follow
MA0252

225 Posts.

7

07/12/22

16:00

Post #: 65201193
Share

Originally posted by Hopeful9: ↑

The Australian has confirmed that the federal government has asked the NSW government to impose a $125 coal price cap in its bid to bring down energy prices.
The Australian first revealed yesterday that the initial advice to NSW and Queensland governments was that they would have to cap coal prices at between $125 and $160 a tonne – around half current levels – to have any meaningful flow on impact for energy bills.
The commonwealth has agreed to cap gas prices at $13 a gigajoule though a mandatory code of conduct.
Negotiations are still ongoing over the possibility compensation to be paid by the commonwealth to the states for lost royalties and possible compensation payments to coal producers.
The news comes after the October Federal Budget forecast household electricity and gas prices would soar by 56 and 44 per cent, respectively, over the next two years.
On Tuesday, Treasurer Jim Chalmers left the door open to “responsible” contribution from the commonwealth, after the NSW and Queensland Premiers demanded compensation for implementing a coal price cap.

Expand

Remember when the fed budget experts said coal would be 50 per tonne, think was oct??

NHC Price at posting: $5.79 Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

HVN

Consumers holding back says Harvey Norman, as profit slumps 35% in FY24

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

There are more pages in this discussion • 652 more messages in this thread...

First 287 Last

Add NHC (ASX) to my watchlist

(20min delay)
Last $4.51		Change 0.060(1.35%)		Mkt cap ! $3.812B

Open	High	Low	Value	Volume
$4.49	$4.51	$4.47	$779.1K	173.5K

Buyers (Bids)

No.	Vol.	Price($)
17	9223	$4.50

Sellers (Offers)

Price($)	Vol.	No.
$4.51	9051	13

View Market Depth

No.	Vol.	Price($)
21	13236	4.490
16	36113	4.480
20	35566	4.470
13	56588	4.460
12	45013	4.450

Price($)	Vol.	No.
4.500	6506	14
4.510	40082	18
4.520	19865	14
4.530	21523	6
4.540	30952	8

Last trade - 10.46am 30/08/2024 (20 minute delay)

NHC (ASX) Chart