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NHC - New Hope Corporation

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New Hope is one of the very few larger resource companies in Australia that has sensible management. The Millner family keeping a watchful eye on the company ensures they don't make dumb overpriced acquisitions or diworseify into unprofitable side lines.
 
yes , but don't expect big and rapid capital gains from a stock the Milners have a significant influence over

i held NHC for quite a while until i managed break-even ( now it is 'free-carried' )

am currently up 120% on them

but expect NHC to slowly grow income from other sources , not just coal )
 
Going against the market today - 8th best mover in the ASX 200.

Expecting this to go higher on a daily scale fwiw. Bullish engulfment of a hammer candle. Blip of volume. Moving averages have converged. Has retraced enough?

Greg Canavan likes it - has interviewed CEO and Ops manager. Point of interest to me: he says, "The New Acland mine is especially attractive because New Hope owns the land. This is subject to older land titles, meaning most royalty payments go back to the company. Given Queensland’s onerous royalty regime, this is a strong competitive advantage."

Held
Holding

DAILY
 
New Acland Stage 3 Update

New Hope Corporation Limited (ASX: NHC) (Company) advises that its wholly owned subsidiary, New Acland Coal Pty Ltd (New Acland), and Oakey Coal Action Alliance (OCAA), represented by the Environmental Defenders Office (EDO), have agreed terms for discontinuance of OCAA's Land Court of Queensland appeal against the Queensland Government’s decision to grant an Associated Water Licence to New Acland Stage 3.
The agreement requires consent of Department of Local Government, Water and Volunteers and subsequent filing with the Land Court of Queensland.
The discontinuance of OCAA's appeal, once formalised by the Land Court of Queensland, would bring an end to the ongoing legal challenges by OCAA against New Acland Stage 3 approvals and enables New Acland to progress its operational ramp up plan without further delay.
The Company’s Chair, Mr Robert Millner, said the conclusion of OCAA’s final legal challenge will give certainty for the local community and the Company and concludes many years of opposition and legal challenges mounted by OCAA against New Acland Stage 3.
“The end of OCAA's challenge gives us confidence to progress our ramp up plan and develop the Manning Vale West mining area.” Mr Millner said.
“Our workforce at New Acland has grown to almost 300 employees since resuming operations.”
“The permanent workforce at New Acland will be approximately 400 full-time roles once New Acland Stage3 is fully developed.”
“New Acland Stage 3 ensures secure jobs in the region with more than 90 per cent of the current workforce living within 50 kilometres of the site.”
“New Acland provides an essential energy product to our trading partners in Asia and domestically and will bring significant economic benefits for Queensland, and especially the Darling Downs region.”

i hold NHC ( 'free-carried' )

has been incredibly productive , this battle inspired NHC to move it's HQ to NSW
 
Adding 1,000 NHC @ 4.16. Still ~200 to fully fill
Not advice, I don't have a firm view as to whether it has made a significant low although it's a candidate is how I see it. The surge in Whitehaven's price today influenced my buy.

Held
Adding

DAILY
 
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
 
Tacked on 1,000 @ 4.03
Encouraged by some recent daily candles recovering towards the open price at end of day. Mostly throwing indecisive or even a couple of hammer candles lately, but this is only daily scale considerations. Panning out, weekly volume is in a rising negative trend.

Held
Accumulating

DAILY
 
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