Ann: Dividend Declaration, page-684

They say run your business etc etc and the rest will take care of itself.

I take my hat off to the current TER Board and executive team, what a gamble and yes with hard work, excellent management and coal prices, it paid off. In my last posts I said basically taking into consideration the wokey, lefty and chicken little world that surrounds all resource industries if you don't have a Co2 offset you are doomed in time to come. everybody is chasing a co2 offset, Santos, Microsoft, etc etc etc +++++++. They are grabbing any carbon offset they can get their hands on and I must say some of them are dubious. The carbon credit / off set dynamics / rules are changing daily wherein I believe a qualified type of say only an acceptable Co2 offset will be reduced to say 2 types. (do you own home work) you only have to look at the debate in Australia, Professor McIntosh v Professor Chubb. Industries will / are being lumbered with the cost of these offsets, they will either have to do 2 things, add it on to their pricing or source it from its base. (or ultimately die).
so the big question is what is TER doing about it, if your looking at other coal assets are they actively seeking co2 offsets like many other companies. they must adapt, i would looking at reviewing my position every 2 / 4 years to get out.
i would buy again below 60c.