When grumpy 'Mr Market' reassesses the detail after an initial possible negative reaction, doesn't even he tend to look forwards six to nine months?
The outlook is quite good: a high probability of less rain so hopefully fewer disruptions to Bengalla's and Malabar's operations from flooding with the company still highly profitable.
The biggest question is whether at the eleventh hour the rogues from the Oakey (anti) Coal Alliance and Queensland's anti-jobs and export earnings Environmental Defenders' Office will be able to stop New Acland 3 in Queensland in its tracks.
NHC is budgeting $109 million for a further extension of the railway to service the new seams at New Acland. I hadn't realised that'd be necessary.
In regards to the dividend, let's not be unrealistic. Mr Robert Millner has a hugely positive track record in looking after small retail holders. If the Board of NHC including Mr Millner determine that a fair swathe of cash and earnings need to be held for expansion of the company, I'm very happy to go along.
NHC also quotes Federal Labor Environment Minister Tanya Plibersek (not someone I like) as acknowledging coal (and gas) have a future. Clever of NHC.
A timely reminder to woke Trotskyist Anthony Albanese and fool Minister Chris Bowen as to from where much of Australia's favourable Balance of Payments emanates.
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