NHC 1.39% $4.62 new hope corporation limited

Did a little bit more hunting around on the net and there are...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 116 Posts.
    lightbulb Created with Sketch. 30
    Did a little bit more hunting around on the net and there are quite a lot of articles saying that:

    • New Hope will pay between 5-7% royalties on New Acland.
    or
    • New hope will pay up to 80% of royalties to themself.

    Which seems a little contradictory. Also doesnt mean this is true! of course . The gist of the rationale seems to be:
    • When NewHope leased/bought the land they offered to lease/buy the royalties as well. Im assuming some people accepted some didnt. That or there is a combination of some of the land where there title includes mineral rights and some where it does not.

    I would like to think we will find out on first saleable ore from New Acland on the next quarterly activity report.

    example additional article:
    https://inqld.com.au/business/2022/09/01/most-acland-royalties-will-be-locked-away-from-government/
 
watchlist Created with Sketch. Add NHC (ASX) to my watchlist
(20min delay)
Last
$4.62
Change
-0.065(1.39%)
Mkt cap ! $3.913B
Open High Low Value Volume
$4.67 $4.68 $4.58 $6.088M 1.315M

Buyers (Bids)

No. Vol. Price($)
32 17134 $4.61
 

Sellers (Offers)

Price($) Vol. No.
$4.62 12402 23
View Market Depth
Last trade - 15.30pm 12/11/2024 (20 minute delay) ?
NHC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.