Ann: Dividend Declaration, page-19

A report from another company released today states in part:

Thermal coal indices may have fallen from the record levels seen in 2022, but the structural issues influencing the price remain.
Global energy markets seem far from settled, and seasonal cycles have the potential to lift prices during 2023.

A 3c dividend is prudent and as a quarterly dividend is still nice. Yes, sp has fallen but if not selling then no loss has been crystallised and if holding longer term the current levels will change. Meanwhile, a paycheck coming prior fy end.

Since appearing prudent and since no announcement to company policy changes to the frequency of dividends, one can assume presently that there will be another dividend payment next quarter - at what level is yet to be seen - another couple of cents??

It seems as though there is an expectation for a lift in coal prices during the 2nd half of this year - at least management in another company appears to think so as do some analysts.