NHC new hope corporation limited
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Sorry@Golden FleeceMy opinion. It was a sell short term. Changed...

  1. borano
    2,921 Posts.
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    06/10/23
    14:24
    Post #: 70210571
    Sorry@Golden Fleece

    My opinion. It was a sell short term. Changed to buy if you can at these levels.

    The cause of it is in 4 days the price of thermal coal has retreated from 160 to 139 in a week.

    Substitute energy (Oil) has fallen off a cliff in the same period

    AUS dollar has fallen from the start of the week and is now ever so slowly climbing.

    Personally I think NHC is worth buying based on what their pipeline and the upcoming 30 c dividend.

    I was just looking for a bite. smile.png No hard feelings.

    I notice though last night that thermal coal stock index in the US was up just over 2% so it is very unusual to see a huge sell down.

    Very recent publications may not help either. Today! So it might just be noise but most definitely algo trading at it's best today.

    https://hotcopper.com.au/threads/potential-daunia-aquisition.7500628/page-380?post_id=70209278


    NHC Price at posting: $6.02 Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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$4.18 		Change
0.000(0.00%) 		Mkt cap ! $3.522B
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$4.15 $4.19 $4.09 $5.185M 1.247M

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No. Vol. Price($)
2 12868 $4.17
 

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Price($) Vol. No.
$4.19 6539 2
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Last trade - 16.10pm 01/08/2025 (20 minute delay) ?
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