My view is that they were probably looking to buy assets 6-9 months ago, and hence the convertible note issue. As you say, the commentary at the time suggested this was definitely the case.
However, with current high coal prices, I suspect price expectations of vendors have increased significantly and they are now less likely to make an acquisition as a result.
The Chairman buying shares a few weeks ago suggests to me that a material acquisition is off the table for a while.
My view is that they were probably looking to buy assets 6-9...
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Last
$4.79 |
Change
-0.140(2.84%) |
Mkt cap ! $4.133B | |||
| Open | High | Low | Value | Volume |
| $4.93 | $4.94 | $4.79 | $3.575M | 734.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2932 | $4.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.80 | 17432 | 8 |
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| Last trade - 11.05am 04/10/2024 (20 minute delay) ? |
| NHC (ASX) Chart |