This is from the Chairman of NHC, a gent who in my estimation...

This is from the Chairman of NHC, a gent who in my estimation always looks after retail holders. A great bloke!

Especially note the comment about 'cash generation' that should, like reliable coal-fired power, warm the cockles of holders' hearts!

(from 'The Australian' on Tuesday 5 October 2021):

"Strong demand from Asian buyers for Australia‘s thermal coal will keep prices elevated over the medium term after the power-generation fuel hit an all-time record, New Hope chairman Robert Millner says.

High-grade Newcastle coal has rocketed to $US203.20 ($279) a tonne, eclipsing the previous market high set in July 2008, and a fourfold price increase over the last year alone as big buyers rush to grab deals ahead of the northern hemisphere winter.

Despite looming global talks aiming to curb greenhouse gas emissions, Mr Millner said it was a “wonderful era to be in coal mining”.

“When you go back to July last year it was down to $US52 a tonne and to see it now above $US200 is just incredible,” the chair of the Queensland coal producer said.

“I don’t think it’s going to stay at these levels but it will stay at fairly high prices for a while. There is no new supply coming on and people are still building coal-fired power stations, much to the disbelief of some people.

“The cash we are generating is incredible.”

A global energy crunch had underscored the need for both coal and gas to remain in the system to balance other sources including renewables, he said.

“We all agree that there needs to be some sort of renewables, but we still need baseload power. You can see what is happening in Europe at the moment with high gas prices and power prices. I think there’s got to be a happy medium somewhere,” Mr Millner said.

China’s ban on Australian coal supplies had limited its options and contributed to higher costs for its energy, the New Hope chairman said.

“They’ve actually done themselves a disservice because their cost of production is a lot higher than what they used to be able to buy it on the open market for..."