Share price by Christmas time?, page-203

cool, no worries. I just rewatched the video, from the 3:20 position, he did go into what the PNL might look like.
He mentioned a profit before tax of between 70m-90m and they would withhold a working capital (good thing) value of say $20m. Balance then could be available for distributions to shareholders.

I just did a quick table what we might get at those profit levels in way of a future dividend. I have also estimated the current year by simply doubling the half year result (with coal price increasing, it 'should' be better), assuming they will pay off the balance of income tax ($48m) before being in a position to paying dividends. Note the tax rate isn't 30% as the share of associates has no tax implications for TER. If they manage to pay the tax balance off before or around August when the full year results are issued, we may see a 1-2 cent dividend for the 2024 FY result (fingers crossed). If not, i would estimate/hope (if profit is as mentioned) a dividend off December 2024 half year report of around 1.5-2.5 cents, and then going forward dividends each half year of similar value.

I live in hope. This company, at the current coal prices, is profitable and should be generating good cash, they just need to get coal on a boat. obviously if coal price drops, profit drops.