Agree thermal prices shouldn’t go too much lower, however NAT GAS prices seem to keep dropping…
Judging by previous years met coal prices likely to drop, and we’re starting to see that reflect in spot prices over the coming months. Obviously YAL only sells approx 5Mt of met coal annually but it’ll still going to affect their bottom line.
As for the cash reserves, I agree with you, they are hoarding a huge pile of cash for what reason... Maybe S32 will entertain the idea of selling IMC? Who knows what management have planned with all that cash.
Overall it’s still a decent dividend compared to our peers. WHC paying $0.07, and what will NHC pay, I’d say no more than $0.12.
Agree thermal prices shouldn’t go too much lower, however NAT...
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Last
$6.61 |
Change
-0.040(0.60%) |
Mkt cap ! $8.728B | |||
| Open | High | Low | Value | Volume |
| $6.66 | $6.73 | $6.58 | $10.90M | 1.639M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6262 | $6.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.62 | 387 | 1 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| YAL (ASX) Chart |