Ann: Half Yearly Report and Accounts, page-12

Some would say for those of us like me for whom YAL is only about 10 per cent of my portfolio that I've engaged in 'diworsification' (in other words, some non-thermal coal stocks return less in capital growth and especially in dividends).

I like the comment about how YAL perceives that by 2050, Australia will have increased its share of thermal; coal exports.

Great that two-thirds of revenue comes from Japan, South Korea and Taiwan as these nations have excellent credit ratings and are good to deal with (unless the CCP gets its evil hands on Taiwan).

A stellar result. No doubt NSW Labor will be working out when elected in March 2023 how much it can steal from us from 1 July 2023 with increased royalties.

Let's hope the opportunist Yankuang Energy proposal re convertible bonds (junk status) is dead in the water.