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Business Description: Nucoal Resources NL (NCR) is a coal producer based in Australia. Currently, NCR focuses two exploration licenses located in close to Bayswater Power Station through its subsidiary Dellworth Pty Ltd. Dellworth Pty Ltd holds two exploration licenses located in Hunter Valley, NSW.
Strategy Analysis: Nucoal‚Äôs current strategy is to advance exploration, studies and approvals at the Doyles Creek and Dellworth projects. Develop the Doyles Creek underground mine and training school to generate a positive cash flow and secure a project pipeline commencing with the Dellworth assets. Further expand the project portfolio to become a multi-mine coal producer, by targeting acquisitions that allow the Board and Management team to enhance value.
Nucoal Resources reported negative cash flow of $8.53m for quarter ended 31 December 2012. Operating cash flow for the period was $(5.91m). Payments for exploration and evaluation were $(2.98m). Investing cash flow was $(2.62m). Financing cash flow was nil. Cash in hand at the end of the quarter was $21.4m.
By Michael McCarthy (chief market strategist, CMC Markets) 19/12/2014 |
Traders and investors caught short heading into the FOMC scrambled for cover in Europe and the US, in many cases driving indices to their best one day performance for 2015.
By Betty Lam (Sales Trader, CMC Markets) 18/12/2014 |
Lead by the Fed-fervour offshore, Australians shares jumped on the Yellen cheer wagon. The material and energy stocks were back in vogue as both sectors gained over 3% in morning trade.
By Michael McCarthy (chief market strategist, CMC Markets) 18/12/2014 |
In spite of a frenzied pre-mortem, a benign statement from the US Federal Reserve‚Äôs Open Market Committee and steadying commodity markets drove investors back into share markets overnight. A calmer, stronger ruble helped offset European growth fears, highlighted in the overnight session by further declines in inflation.
By Betty Lam (Sales Trader, CMC Markets) 11/12/2014 |
Offshore jitters sent ripples through to Australian stocks. The open saw the local equities take 65 points off the index, catalysed by a mass-exit in energy stocks, yet again.
By Ric Spooner (Chief Market Analyst, CMC Markets) 10/12/2014 |
Yesterday‚Äôs news on Greek politics and China‚Äôs bond market came at a time when US and European stock markets have extended rallies and pushed valuations higher. This makes those markets vulnerable to downward corrections as profit takers act to avoid missing out.
BR Securities Australia Pty Ltd 2/12/2014 |
December 2014 could go down as a nasty moment in Australian finance. MYEFO will reveal a deteriorating budget deficit and the UNFCCC meeting in Lima, Peru will provide the agreement, to be ratified in Paris in 2015, on how much (or little) CO2 is to be allowed into the atmosphere from 2020.
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