BRL Chart, page-239

I went t to the meeting to eyeball the directors and CEO.
The content of the meeting has been well covered by other posters.

My takeaways from the meeting - my impressions and opinion only:

-The company is in good hands. A mentality of under promise and over deliver.
-The market for thermal coal in NZ has at least a decade to run. - metallurgical coal worldwide, much longer.
-The EBITDA forecast is conservative.
-The court case is a non issue. The contract with L&M is clear in its content and its intent. In the unlikely event of a negative result, appeals would go on for years. L&M are clutching at straws as they see that the prospect of an early return has slipped away.
- The RCPS were a valid way of getting the SE deal done and as a result transformed the company.
- An EBITDA multiple of 3.5 to 4 means the share price at 12 cents is much less than the company is worth.
- The company is generating a lot of cash and a dividend is just a matter of time.
- The dividend yield on a share price of 12c will be quite impressive and the price will adjust accordingly.
-The market will catch on eventually- who knows when- maybe at the half year results, maybe later.