Page 14 has an important statement:
The mines are now running close to mining license output levels; accordingly, it is important torecognise the limited scope to exceed the upper end of production guidance
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Overall, great to see YAL stating that thermal coal prices remain at 'elevated levels' despite the much publicised decrease from what could be said to have been 'boom times'.
A good outlook: a cash cow that rewards its SH whether they be mainland Chinese companies or Oz or Hong Kong-based small retail holders.
It'll be interesting to see if/when YAL can reach the 30 per cent free float requirement for inclusion in the ASX 300 index.
The recent SP increase means it's not just the best dividend yield of any major ASX-listed company that's attractive to those institutional holders that are sensible enough not to have a stupid policy of eschewing thermal coal mining listed or unlisted companies.
Ann: 2024 Annual General Meeting Address and Presentation, page-2
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