There's a photo of their first barrel full of Diesel, generated from their CTL pilot in 1 of their most recent presentations.
Remember that Linc Energy are already miles ahead of anyone else with plenty of coal in their acreage & a CTL trial plant at Chinchilla in QLD. IMO, NHC are setting themselves up for the future as can b seen with their strategic investment in CSG explorers, AOE & Planet Gas, for now.
They picked up 120.6m AOE shares for $111.7m back in July '06. Should NHC dump these at the current market price of $4.35, thats a huge windfall for NHC, a profit of $413.34m. Already they have nil debt & plenty of cash in hand (close to a billion $'s) & decent coal sales, so they r fine for now.
IMHO, New Hope's management already has a Plan-B handy (after their recent CTL trial), on top of their conventional coal mining & profit from the sales, worth keeping an eye on, in the future.
There's a photo of their first barrel full of Diesel, generated...
Add NHC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.76 |
Change
-0.040(0.83%) |
Mkt cap ! $4.023B | |||
| Open | High | Low | Value | Volume |
| $4.81 | $4.81 | $4.73 | $9.769M | 2.052M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10047 | $4.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.77 | 2100 | 1 |
View Market Depth
| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| NHC (ASX) Chart |