Things are looking good. FY22 EBITDA guidance increased again to $103.5m to $110.1m, with $70m plus of that EBITDA occurring in the second half. It would be reasonable to expect around $40m of that $70m H2 EBITDA to be retained as cash, giving a total cash balance at year end of around $80m or getting close to half of their current market cap. That's a pretty big pot of cash to start paying dividends from.
That's before we start factoring in how good a year FY23 is likely to be at current export prices.
Looking forward to the March and June results.
Ann: Ord Minnett East Coast Mining Conference, page-2
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