The ASX is just another casino for many players and nobody is following earnings any more. NHC SP is being priced with a 3-4 year mine life based on modest coal pricing assumptions and everyone knows how ridiculous that is. Governments can certainly kill the coal industry except for the facts they need the royalties to pay for big government long term. Only a few years ago the NSW Government provided a extended mining licence out to 2039. Today is just noise for players to shake out the nervous nellies. Trying to read any valuation sentiment on a day like this best to go with red on the roulette wheel at Star Casino. Meanwhile, hoping the Board is pinning their ears back buying today.
NHC Price at posting:
$5.26 Sentiment: Hold Disclosure: Held
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