As posted probably to many times i entered NHC at $2.10 at which time it was paying .13 cents FF'd PA.I entered because of 5% plus div and soul pattersons position knowing imo SP is a quality investor. I have these figures in the back of my mind just to make sure i keep an eye on developments in the sector. My point ,the negatives suggested as in govts hating coal imo should support higher prices as new developments are delayed if not cancelled and who with a brain would submit a new coal project in Australia. Add the new coal plant construction globally obviously especially china (200 new plants) and equality important the high grade of Australian coal compared to other general global reserves i feel will maintain upward pressure on coal prices. Lets add imo the low AUD would be playing its part. Lets add our govt DH's delaying the closure of one or two coal power plants and delaying gas developments ,i like to mention this because i like calling our govts state and fed DH's. So i'm a sitter with no intention currently of trimming or adding. ps always happy to read the more informed posts on NHC/HC..
NHC Price at posting:
$5.43 Sentiment: None Disclosure: Held
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