That heading "NZ Coal with Qld CSG paid for by AGL" is in my opinion the best way of describing ECU
1. It is a profitable Coal miner with operations in NZ so regardless will be 100% immune from the Rudd Tax grab
2. It sells its coal in USD so a weaker AUD benefits us
3. Its CSG interests in Qld are funded by AGL so really are a side play now
So for me the real value lies in its coal assets which we have seen China wants only a matter of time before they look to places other than Australia and who better than its neighbour NZ
This is one of my largest holdings and I will keep accumulating
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profitable nz coal with qld csg paid by agl
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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