I fear NZO sp may get hit hard with news coming out for PRC.
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I fear NZO sp may get hit hard with news coming out for PRC.
It is only a small rights issue and NZO can afford it.
Oh well, at least NZO got part of the PRC shares back at the discount to the IPO price.
It all depends what this years contract price is for coking coal. The big boys are around the negotiating table now and hope to have a final price set by Rio, BHP etc soon. If coking coal price comes below $100 then the sp can go lower.
I am also thinking that the production cost maybe higher than forecast in the prospectus. This has been evident to date with blow out costs.
[QUOTE=Dr_Who;245702]It all depends what this years contract price is for coking coal. The big boys are around the negotiating table now and hope to have a final price set by Rio, BHP etc soon. If coking coal price comes below $100 then the sp can go lower.
It doesnt all depend on one years contract price in us dollars -the exchange rate-both present and future will play a major role in determining the nz dollar worth of annual profits .
I sold out of prc last june for nzo options conversion and dont intend(whilst nzo has a substantial holding ) to buy back in
once again tremendous support for NZO, the high number of trades suggest lots of individual holders/traders out there?
Large spread at close today. 122 buy 129 sell.