NCR 0.00% 1.0¢ nucoal resources limited

Just one thing worth pointing out. The company did indeed have a...

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    Just one thing worth pointing out. The company did indeed have a SP above 60c, but that was back in early 2011. Rumours of corruption began to swirl around Obeid, the SP dropped to 30/40c by the time ICAC began hearings in September '11. When the legislation was passed to strip the licence, the SP had already tanked as low as 2c, briefly rallied to 8c then went dormant.

    So if compensation is determined from MC of the company at the time the legislation was passed it won't amount to a helluva lot. I imagine that once the first hurdle is overcome, that yes compensation will have to be paid, that then there'll be wrangling over how much money that'll be. I doubt the government will be willing to come to the table with an amount that pushes the SP back up to its early 2011 peak, and it may well all end up in court. All of which means very volatile price movements ahead, and none of us can predict the end outcome yet.
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