Share price by Christmas time?, page-164

I agree with Bionic Man, it is my opinion that it is unlikely to see a dividend anytime soon. As at 31 Dec 2023 they still owed around $48 million in income tax (not sure what the split between 2023 and 2024) and only had $16 million in the bank. There is always a chance of a small dividend post release of the 30 June 2024 Audited Report, but they need to meet or exceed their sales targets and/or sell off South Africa operations. But for the last few years they haven't been able to meet their Nameplate capacity of Blair Athol - my understanding it is 2.3 million tonne / year.

They should still be profitable and make good operating cash flow (excluding outstanding tax payments). Price of thermal coal is still strong (not as crazy as it was during 2022, but a lot better than US$50 /t only 4 years ago).