YAL 4.53% $6.92 yancoal australia limited

Just the change in language this year vs previous annual reports...

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    Just the change in language this year vs previous annual reports gives indication that they're moving from a debt heavy operation to a much stronger balance sheet with large cash flow that now must go somewhere. Appears consideration is now being given to how they can keep growing. With only $1.9B net debt left and current market conditions, I'd think they could be debt free early CY23 or possibly earlier depending what they do with mid year dividends.
 
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