Despite profitability challenges, The report shows 18% increase in attributable saleable coal production for the first half of 2024 compared to the same period in 2023 . This production growth, particularly in thermal coal, might present an upside potential if global coal prices rebound or stabilize. Net tangible assets per share increased by 5% year-over-year, from $6.01 in June 2023 to $6.29 in June 2024 . This demonstrates the company’s strong asset base, which can provide a buffer. Their positioning in the global thermal coal market is robust, and forecasts suggest that Australia’s share of seaborne thermal coal could rise significantly by 2050 . This long-term growth prospect could present a strategic advantage for investors with a long-term horizon.
YAL Price at posting:
$5.52 Sentiment: None Disclosure: Held
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