Hi Parma,
I am being opportunistic as well although my new rule is stop throwing new logs which has changed my carefree approach a little (new attitude probably for the better and *sigh* I knew it woukd come to this one day) .
NRW is obviously facing the same challenges as everyone else but the more chaos there is out there the better we look with our excellent reputation and refusal to cut corners.
The fact nothing is yet confirmed in regards RIO is probably a good thing for instance .
You often pay more for quality and everyone knows this ...especially when there are is evidence of lack of quality all around!
As far as comfort goes I am trusting it will be handed out (along with the carrot cake?) at the AGM next Thursday but without schmaltz.
For me, as said before, there is already comfort in Dimensionsal spending $2 million dollars at $1.85 S3XT a few days back.
Most likely a lot more than that on market
The fund managers there have a long term relationship with NRW (I think they have anyway) . They are experts .
They know the doom and gloom conditions in the sector and for the overall market and they know the company . Maybe more than we do.
Also comfort in the success Golding is having with Queensland coal mines.
We kept the name because of the high standing of the company .
One of the reasons for it’s excellent reputation is, I suspect , because it’s enviable record was quietly achieved whilst other companies were shooting themselves in the foot up there.
Buy Bye for now
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