I had an order in at 165c to buy back the portion I sold at 205c, but never got that low, pity.
I cancelled it and rather bought WES as they are on sale.
I see that in 2011 thermal coal was USD 120/t and USD/AUD 1.05 = AUD 100/t.
Now is USD 104/t and 0.76 = AUD 136/t.
And in 2011 NHC was 600c and now 188c.
So if New Acland is approved, guess where SP is headed.
If you read the link in the lawyers letter about water rights a few posts of mine ago, NHC gets a mention as to the risk of delays due to impact of water rights changes. I think there is a good chance of NHC being exempted from water permit changes, so it is a non-issue. Therefore back to 205c soon.
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