Nucoal Resources produced what could have been a stunning 94% return today if its share price had not previously fallen to less than 10% of where it had been a...
John Robertson
PortfolioDirect
Nucoal Resources produced what could have been a stunning 94% return today if its share price had not previously fallen to less than 10% of where it had been a year ago. The volume traded was the second largest daily turnover on record for the stock but still only 3% of the total shares outstanding. Nucoal is in imminent danger of having its Doyles Creek coal exploration licence cancelled by the New South Wales government after an adverse ICAC finding. It seems a tad dangerous betting on the government not acting. The question for any adventurous souls wanting a way to play this is whether, without Doyles Creek, there is enough to justify the recent $10-20 million market value. Dumping the ill-fated training mine that no one wanted, grabbing some compensation and working up its resources elsewhere might be the way for Nucoal to go.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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