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...
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Last
$6.23 |
Change
0.030(0.48%) |
Mkt cap ! $8.226B | |||
| Open | High | Low | Value | Volume |
| $6.25 | $6.30 | $6.21 | $6.459M | 1.034M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7401 | $6.22 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.24 | 5076 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$6.23 |
Change
0.030 ( 0.44 %) |
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| Open | High | Low | Volume | ||
| $6.27 | $6.30 | $6.21 | 120318 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| YAL (ASX) Chart |