Before you commence all those high fives, and self-congratulations on your trading prowess in these coal stocks, such as it is, may be worthwhile to check out media reports as to the NSW Govt reviewing coal taxes and royalties leading into the September budget. In Labor jargon, that means, tax, spend, and waste, and also tax the demise of the coal industry to offset a huge looming budget deficit. Look at the Qld labor Govt experience recently, no shame there at all, highest mining royalty tax take in their history.
NHC Price at posting:
$5.41 Sentiment: None Disclosure: Held
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