You are probably right in regards to not building new coal mines, otherwise you would think they would have announced their plan. It certainly sounds like the plan is simple, pay cash to shareholders while things are good.
And agree, when the coal price comes down, you will see a sell off. Personally i only want to hold for perhaps 1-2 years, hopefully the coal price stays high during that time. My cost base of my current holdings of $0.70 cents / share (my original parcel was $0.33), I suspect I could be receiving my cost base in dividends over the next 12-18 months. Which is kind of crazy.Fair enough. At least you will have money to burn to keep warm and have some light.
Ann: Dividend Declaration, page-168
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