Agree.
Listed companies should actually have debt, else the balance sheet is lazy. I think too many peope confuse being debt-free being good when it is a mortage to debt-free being questionable when fudnding investments.
The met coal price has held up reasonably well since the initial announcement of the transaction which is pleasing.
Ann: Acquisition of Daunia and Blackwater Mines Completes, page-36
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