Ann: Dividend Policy, page-28

Analysts at Morgans have lifted their price target on the company’s shares to $5.20. This is 15.8% more than today’s closing price. The broker has pushed the company’s earnings estimates higher due to rising thermal coal price predictions. Morgans expects this could lead to big dividends in the short term. Further, the broker believes the company’s share price could climb even higher to $6.53,

you need to think that this puts TER in a good spot! We will see some heavy investment once the bond is gone and the first div is revealed