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  1. 23-03-2011, 01:55 AM #10
    shasta
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    Quote Originally Posted by lawrence View Post
    Shasta

    How do you see the NEC takeover adding to the bottom line!
    Despite the large premium NHC are paying, $1.85 looks cheap to me & NHC already have 88.63%, & given the independent valuation range of $2.70 & upwards, if I were an NEC shareholder i'd be wanting $3 a share minimum, if theres "value to be unlocked" in NEC why are there Directors rolling over so soon?

    The figure suggests a base case production of 500,000t from NEC, or just under 10% of NHC's production.

    So this is what NHC are paying a premium for...

    Northern Energy is currently transitioning from being a coal developer to a coal producer. It has hard coking and thermal coal development and exploration projects in an advanced stage and is one of the few Australian junior coal companies with marketable Reserves.

    The company has a 5 year production target of +7Mtpa by 2015 with its first shipment scheduled as soon as mid 2012 from the Colton Mine in Maryborough    .
    Last edited by shasta; 23-03-2011 at 02:02 AM.
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