Agreed.
I purchased pre dividend which should provide downside support.
This stock is looking very attractive.
The company purchased the additional 40% in Bengalla cheaply from Wesfarmers / Mitsui. Bengalla is high grade long life coal mine and it's the easiest mining operation in the country (in my opinion).
Even without New Acland Stage 3 this stock is easily worth closer to $4. Dividends will surely increase from here with the additional ownership stake. With New Acland Stage 3 this is easily worth over $5 a share. I doubt a Queensland Government who relies on coal to fuel the state economy can reject this project.
I purchased my first parcel at $2.82. I will take another bite above $3 once prices stabilise, or if i'm lucky and we continue to see downside, around $2.60. Something tells me this stock will have the highest dividend yield in my portfolio in the next 2 years (#sooncome).
Agreed.I purchased pre dividend which should provide downside...
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Last
$4.32 |
Change
-0.040(0.92%) |
Mkt cap ! $3.651B | |||
| Open | High | Low | Value | Volume |
| $4.38 | $4.39 | $4.30 | $7.106M | 1.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 33998 | $4.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.32 | 148 | 1 |
View Market Depth
| Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
| NHC (ASX) Chart |