Ann: Dividend Declaration, page-552

In reference to NHC having debt, this is incorrect...

WHC - Zero debt & $2.5 billion dollar cash balance as at 31/12/22. Approx $2.5 billion share buy back in place, BB currently in a black out period, will resume after HY report.

NHC - Zero debt & $1.8 billion dollar cash balance as at 24/11/22. $300 million share buyback in place to resume in the next few months. Also have a capital note buyback which is taking priority over their SBB.

YAL - US$333 million dollars in debt & $2.7 billion dollar cash balance as at 31/12/22. Cash printing machine !!

TER - Approx $3.9 million dollars in debt tied up in SA. Approx $100 million cash balance as at 31/12/22. According to management the small amount of debt remaining in SA is a strategic play to access to funding if an opportunity presents itself. SA is pro coal so having a small amount of debt for easier access of funds is a good strategy. However, personally I would prefer if TER would sell SA operations and focus on operations in Australia. A coking coal asset would be a nice edition !! If they were to sell SA, they may have enough money to look at expanding... Not quite sure what sort of money they'd get for SA Operations. Anyone wish to speculate ?

W1 stirring the pot, you're not going anywhere if you loaded up around $0.002. And MovingAverage welcome back, you weren't gone for very long !! Haha