Ann: Yancoal debt prepayment of US$459 million, page-4

Others with more financial expertise are free to disagree and label me 'uninformed' but I really like this prepayment in a week's time of about 60 per cent of YAL's remaining debt.

Given once this is paid, there'll only be US$333 million in debt on the books, it is easy to foresee YAL Directors sensibly deciding to pay that off in the next few months, maybe even in the first three months of calendar 2023.

I'd far prefer it reduce/eliminate debt that go off on some spree into (say) so-called 'renewable energy' about which it arguably lacks any expertise.

For Directors and SH alike, it's crucial to remember the Ides of March but lessons to be etched into corporate and retail investor memory include WES' unsuccessful foray into the UK hardware market and WOW's similar, even bigger scale disaster with Masters Hardware in Oz.

Sticking to one's knitting is a good strategy.