At the AGM, questions were asked about the company's cash surplus and whether a buyback/DRP would be considered.
The reply was that several factors are considered such as free float, daily trading volumes and the constitution. No plans for a buyback or DRP as franking credits are useful for Oz holders.
The MD/CEO said YAL was committed to native regeneration after mining. In 2023, YAL initiated a carbon credits review re environmental planting.
Water is a shared resource. YAL complies with licensing requirements: Commonwealth and State legislation applies. Water is recycled on-site: 9298 megalitres in 2023, a four per cent rise on 2022.
At Stratford, the renewable energy proposal is still subject to a study. The company's primary business remains mining.
The Chairman said YAL's resources YAL had would expire (typically) in 15 to 20 years. The Board needs to consider (FIRB) requirements re critical minerals. The three major YAL mines are some of the best in Australia. We are open to diversification but within core competencies.
A 'climate change activist' (Mr Anderson) asked a question. He's entitled to his views but sprouted the IPCC findings and how there should be 'no new coal mines' in Australia. He went on and on, making a speech before asking about 'catastrophic global warming'.
In response, the Chair said YAL had a role providing energy for the Asian region: their livelihoods. Coal has a long future. (Well said!) YAL has an obligation to maximise shareholder returns and the Chair doesn't have a problem providing energy so people in Asia can have a better life.
Another shareholder said coal was worthwhile but referred to the $5.05 previous per share takeover offer as way too low and a ripoff: the independent Board members had similar views was the reply. The SH said the controlling SH have levers they can push: that's his concern. The Chair said in reply that the mainland Chinese majority SH had been very supportive, such as in 2015 investing in Moolarben's expansion. Even when times were bad, they helped. They are aligned with other SH. Have not heard of a further offer.
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- Ann: 2024 Annual General Meeting Address and Presentation
YAL
yancoal australia limited
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Ann: 2024 Annual General Meeting Address and Presentation, page-5
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Last
$5.84 |
Change
-0.360(5.81%) |
Mkt cap ! $7.711B |
Open | High | Low | Value | Volume |
$6.22 | $6.24 | $5.70 | $48.81M | 8.344M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2343 | $5.83 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.85 | 23800 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2343 | 5.830 |
4 | 5480 | 5.820 |
8 | 29930 | 5.800 |
2 | 680 | 5.790 |
4 | 13500 | 5.780 |
Price($) | Vol. | No. |
---|---|---|
5.900 | 5569 | 1 |
5.910 | 5992 | 2 |
5.920 | 9228 | 5 |
5.930 | 2000 | 1 |
5.940 | 8500 | 1 |
Last trade - 16.17pm 18/07/2025 (20 minute delay) ? |
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YAL (ASX) Chart |