Ann: Quarterly Activities Report, page-3

GKatt said 'should be tonight' and so it came to pass. Prescient!

What a beautiful set of numbers, allowing for how YAL's thermal coal is lower quality than WHC's or from memory NHC's in the Hunter Valley NSW.

Cash operating costs in the previous quarterly update issued on 20 April 2022 were estimated at A$71 to A$76 per tonne. There's been a very marked rise in the last three months with the new estimate of A$84 to A$89 per tonne: up 17.7 per cent.

However in between the two updates, median revenue per tonne of coal has gone from A$258 to A$356 per tonne, up 38 per cent, and that comes on top of a previous quarterly rise in achieved price of 23 per cent (December 2021 quarter to March 2022).

If we're bearing in mind the Dickensian Mr Micawber often quoted principle, YAL and ourselves ought be 'happy' even though a massive rise in median cost per tonne is hardly ideal.

The amount of cash being generated even after a large debt repayment is I'd have said 'unreal' except it really is occurring.

We should not ask the question 'can the greedy instos resist this?' as we all know the answer, even if they hide their purchases as best they can. Their biggest problem given the small free float is getting their fake ESG-impregnated hands on scrip.