Ann: Quarterly Report - July to September 2022, page-223

End of the day it looks like coal is coming back a bit. Unfortunately you need to balance capital growth with div payments. This stock moves fast on bad news. With a bit of luck it will settle a little now and we will see a good div. The price target I have always been around $1.50c

if coal managed to remain at this level then with a good div we may see that but I do think we need to hear what the company has in way of a strategy. Otherwise perhaps we get a lower share price but a continuation of long term div payments. I’m guessing that’s why they moved to the quarterly div payments…… just churn it out each quarter and pay out as much as makes sense.