They are obviously building funds for something.
- They already had cash in the bank.
- They paid out a 7c dividend, ($58m) which is less than 1 months profit at current prices, when you'd be expecting it to be about 30c, (around 80% of 6 months).
- They recently raised 200million.
They've stated they are looking. Have been linked to mt arthur, but in a recent interview said they wouldn't buy it unless its for the right price. And have mentioned that they've been looking at copper assets.
I suspect, NHC are simply 'negotiating' via the press to put pressure on BHP, while waiting for BHP to receive mine-extension approvals, as they've previously stated they only want something with a long mining life. (From memory, Mt Arthur runs out in 2027? - while an extension takes it out to 2040+). Else they really are looking at other resources.
I also feel that BHP are stalling while the coal spot price is so high. Might as well have one final bite of the cherry.
- Forums
- ASX - By Stock
- Mt Arthur coal mine - We'll buy it
NHC
new hope corporation limited
Add to My Watchlist
0.92%
!
$4.32

They are obviously building funds for something.- They already...
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
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. |
---|---|---|
$4.32 | 148 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 31104 | 4.300 |
4 | 7900 | 4.290 |
2 | 98130 | 4.280 |
1 | 704 | 4.260 |
2 | 4905 | 4.250 |
Price($) | Vol. | No. |
---|---|---|
4.350 | 505 | 2 |
4.390 | 220 | 1 |
4.400 | 10656 | 3 |
4.410 | 251 | 1 |
4.420 | 2761 | 2 |
Last trade - 16.10pm 25/07/2025 (20 minute delay) ? |
Featured News
NHC (ASX) Chart |
The Watchlist
P.HOTC
HotCopper
Frazer Bourchier, Director, President and CEO
Frazer Bourchier
Director, President and CEO
SPONSORED BY The Market Online