Ann: Half-year Financial Results 2023 Presentation, page-2

The cost per tonne came in at A$109, quite high, but Directors state that increasing production will be one of the keys to bringing the figure down to between A$92-A$102 per tonne in FY 24.

The Hunter Valley NSW has not been experiencing floods of late, so that will assist.

The interim dividend is reduced from A$0.5271 at this time last year to A$0.37 but given last year's lacked any franking while this one is totally franked, it's only a marginal decrease in the interim.

A gearing ratio of minus 0.2 would be the envy of many other companies listed on the ASX.

Despite an A$1.7 billion tax payment, YAL finished FY 23 with A$1,084,000,000 in cash. Pleasing given that for some of FY 23, coal prices were significantly lower.

Interesting that after FY 22 saw nine per cent of its coal sales bound for Europe, there was nothing in FY 23. Sales to mainland communist China (24 per cent) have really picked up, showing how much that troubled economy with its 'Wolf Warrior' diplomats really needs Australia's resources, even if its huffing and puffing tries to claim otherwise.