yeah, I hadn’t done any calcs when I said that 15-20m.
its more like 40m when you factor in SA as well.
wonder why they announce how many tonnes but not the price achieved? Would stop everyone guessing..
a couple of announcements at 40m profit and everyone will feel a lot better about the stock. that’s when it will push into the 20’s.
whc are paying all profits to pay down debt, so I think it’s a good thing for TER as well. A debt free company producing large amounts of cash that can be then returned to shareholders. share price will fly.
financing for coal companies is almost impossible as we’ve just seen. TER won’t have this problem again, and won’t be so keen to acquire more debt. It’s a really big positive the cash sweep I think. Just need to be patient to reap the rewards here.
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