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?!
You realise most of YAL's assets are in NSW where the royalties...
Add YAL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.95 |
Change
0.080(1.36%) |
Mkt cap ! $7.856B | |||
| Open | High | Low | Value | Volume |
| $5.87 | $5.95 | $5.84 | $20.23M | 3.415M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 18213 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 5381 | 3 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$5.93 |
Change
0.080 ( 1.54 %) |
||||
| Open | High | Low | Volume | ||
| $5.89 | $5.95 | $5.84 | 327690 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| YAL (ASX) Chart |