Market not liking this, this morning, no surprises here with lower thermal coal prices, but at least they didn't hide the bad news at the middle or back of the announcement, like some others do.
But there is some good amoung the bad in this quarterly, increase in production (with New Acland increasing significantly and continuing to grow in the next few years), interest to 19.9% at Malabar and considering to increase it further, acquistion of Muswellbrook West and Approvals to do drilling West of the Bengalla Mine.
Do we think thermal coal prices hang around 110-120 USD forever in an inflationary environment? I don't think so, despite what the media say, inflation is still here, it's not going down, the rate maybe, but the inflation is here to stay, it's not going down unless if deflation happens for a while, which is not likely with many demanding payrises all the time, do the media think employees are seriously going to agree to "will you take a 10% paycut?" Lolz
NHC Price at posting:
$4.85 Sentiment: Buy Disclosure: Held
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