NHC reported at the end of November that quarterly coal production was down 7% to 2.94 million tonnes compared to the previous corresponding period, yet the volume of coal sold increased by 7% to 1.4 million tonnes. They are in cost-management mode until spot prices improve.
Also, they are majority owned by washington soul pattinson company. Have got huge cash in hand more than 1.3 billion dollars. If you can find me another company like this, please do let me know.
IMO, don't get scared. Sleep nicely at the current price. Some one is accumulating at this price, also the directors are converting\buying their performance options.
At the end, thermal coal price if it gets back above $100, then it will be good.
Good luck.
NHC Price at posting:
$3.32 Sentiment: LT Buy Disclosure: Held
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