I think the real money to be made in Universals coking coal assets. Huge.
I just don't like the idea of being paid a dividend in the middle of a possible credit crisis, war, record world debt and high inflation. The eagerness to pay out dividends spooks me a little.
I tend to think thermal coal assets even though paying good money are very volatile. Cash in the bank should be valued at the moment. People have a bit of cash in the bank, it goes to the head.
Ann: Further US$35m debt reduction to the Euroclear Bond, page-22
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