captured 3500 @ $4.97 today (05/03/25) ...NHC , anyone ?
looks like it will go below $4 soon
crazy metrics
i hold NHC 'free-carried' ( my theoretical av. SP is just under $2.20 )
PS don't forget it has a subsidiary that produces/sells oil to a local refinery
should read $3.97
remember NHC is MORE than a coal miner , it runs cattle on rehabilitated land , has port facilities AND an oil producing arm .I've built a fairly sizable coal miner holding since I originally "dipped my toe in the water" when some of these were around a dollar. At the time the narrative was that coal was dead and would most likely disappear as an industry. Even accessory analysis revealed that this was an absolute load of codswallop.
One of my best strategies is to try and define when commodities are at the absolutely minimum price... The price went producers start closing down because they can't make a profit.
eg, if coffee farmers start plowing their bushes in because they losing money, buy coffee with your damned ears pinned back... Because an under supply is surely to follow.
That was my thinking when I originally entered the coal market, especially when the month for the product is not likely to reduce anytime soon.
People are always going to drink coffee, and for the foreseeable future, the world is always going to need coal.... our coal.
Does <$4 for NHC represent that level at the present time? Well, I'm seriously thinking about doing some topping up now too.
I was alright till this bit, guessed month = demandespecially when the month for the product is not likely to reduce anytime soon.
Yes... How autocorrect got a "month" I will forever be confused... WTF?I was alright till this bit, guessed month = demand
AI the way of the future ( or so they tell us )Yes... How autocorrect got a "month" I will forever be confused... WTF?
likely to be several opportunities to accumulate hereI jumped the gun with my buys, bit chastened, so watching for a positive sign for another punt.
Held
Accumulating
probably being a tad harsh on yourself @finicky .... we all do it from time to time... hey you in the front row seat, good fortuneI jumped the gun with my buys, bit chastened, so watching for a positive sign for another punt.
Held
Accumulating
Who knows what the right price to buy is?probably being a tad harsh on yourself @finicky .... we all do it from time to time... hey you in the front row seat, good fortune
ex
Kind regards
rcw
i waited three years for my entry price into BPT and four months later it was HALF that entry price , but i kept on cautiously buying on the way down ( and reducing into the recovery later that year )Who knows what the right price to buy is?
Too soon is too expensive, too late and you don't get the shares because they never get to your price.
@#$& me, I've missed so many by a bee's d1ck, waiting for a specific price.
So that filled and now met the offer for an additional 1,000 @ 3.78I put in a bid for a 1,000 add early in the day @ 3.94 but it didn't get hit. Leave it sitting.
dont remember any NHC announcements ... could have missed it but don't recall anything like thatNew Hope Corp pushes for sale of Bridgeport oil and gas assets
New Hope Corp pushes for sale of Bridgeport oil and gas assets
The $3.2 billion coal miner is also eyeing a full takeover of privately-owned Malabar Resources that could be worth around $1.1 billion.www.livewiremarkets.com
i hold NHC and WHC ( both 'free-carried' )
am not so sure i am happy to see them flow off Bridgeprt Energy , it gave NHC an interesting touch of diversity ()and less likely to be financially crushed by activists )
might be something i have to consider on the weekend ( hold , sell , or what ? )
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