Morgans lobbies for NuCoal client compensation
“Innocent investors” of NuCoal should be compensated if its major asset’s licence is pulled, according to Morgans equity analysts James Wilson, Chris Brown and Tom Sartor.
“Innocent investors" of NuCoal should be compensated if its major asset’s licence is pulled, according to Morgans equity analysts James Wilson, Chris Brown and Tom Sartor.
The team says its clients participated in equity issues in February 2011 and March 2012 in “good faith" with the market pricing - 55¢ and 30¢ respectively - reflecting market sentiment at the time but, in hindsight, these prices did not take into account regulatory risk.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out more