announced by whom at 97??
ive tried to buy their bonds and u cant get them below 101-102?
the bonds r higher in the capital structure so they should trade higher than units.
yall have obviously never been to the Jamaica i've seen.
their oil fired power plts r worse than anything the chinese have and their power costs 4x what a coal plt. would produce power for.
they already bring coal into Kingston for the Caribe cement plt.
the cost of electricty is the major hold up in development of the Jamaican economy.
mgmt doesnt have to b lying to have another cut come.
they just have to b caught up in their lessees bad business
and continue to b inept at reading the market. .
there's not a single capp thermal mine that can make any money at coal prices where they r now. domestic nor export
what u think will happen if their lessees come to them for royalty rate reductions?
5% of some tons/price is better than 8% of no tons
maybe '14 guidance has a certain amount of "whistling thru the graveyard"
similar to the previous qtrs guidance/commentary?
y would it not sell off to the 11.1% yield that it was trading at b4 this suicidal distribution cut?
what makes u think that there's not another cut coming?
who in their right mind would buy any at any price after this cut?
NRP keeps shooting themselves in the foot w/their filing to sell $75mm of units and diluting the present unitholders.
This filing in addition to their shelf filing!!