You realise most of YAL's assets are in NSW where the royalties will be ~11%?
QLD has 40% royalties. And this is before a host of other state and federal taxes.
If you think "they're still making a motza", here is how the QLD companies went for the 31 December 2023 half year:
BCB raised equity
CRN declared a $0.007 dividend
TER cancelled their dividend
SMR declared a $0.129 dividend (this was for the calendar year 2023)
Out of the 4 mostly QLD based coal companies: 1 makes losses; 2 don't make enough to pay meaningful dividends; 1 has a dividend yield less than the cash rate.
And yet, you think QLD royalties is okay?!
Ann: Company presentation, page-328
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Last
$6.20 |
Change
0.020(0.32%) |
Mkt cap ! $8.186B | |||
| Open | High | Low | Value | Volume |
| $6.14 | $6.23 | $6.10 | $14.72M | 2.379M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2995 | $6.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.21 | 74373 | 4 |
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| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$6.21 |
Change
0.020 ( 0.56 %) |
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| Open | High | Low | Volume | ||
| $6.10 | $6.23 | $6.10 | 351880 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| YAL (ASX) Chart |