As I see it the dividend of $429 million is more than covered by the cash increase of $260 million from 1 quarter (2 quarters is $520 million) therefore the cash continues to build up from the $1.231 billion after April 30. AUS$ has gone down coal prices are nearly double their costs so I’m thinking surely a larger dividend next time round or maybe a share buy back. They are printing money an absolute cash cow.
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As I see it the dividend of $429 million is more than covered by...
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$6.15 |
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Last
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Change
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