Re: SA coal - There's something nice in having a cost + fixed mark up product, with fixed volume.
I was happy to hold Universal Coal paying a 10% dividend, rather than accept scrip in a debt laden entity
I was wrong, the debt laden machine is now a engine of cash generating machine
but if hard times return...... fixed contracts are good
Ann: FY2022 Annual Report including Audited Financials, page-46
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