W1's $1 party trigger competion, page-2

IndexInvestor, I agree with your logic, but must point out that late August is not a date; it is a period. I will guess 31st August, being the same date they reported last year.

However I think the more realistic question is when will TER shares hit $2.00. Based on the quarterly figures released today, a sp of $2 would only put TER on a P/EBITDA ratio of around 3 which is less than half that of many of their comparable peers in the ASX listed mining sector...a quite conservative matrix.

I will guess Feb 28th next for the $2.00 milestone. This is the date I expect TER to release their next half yearly report. If, and I repeat if, the thermal coal price stays anywhere near the current price (even US$250 would be great verses the current price of US$320+) then my crystal ball tells me TER will pay a 20c half yearly dividend then, on top of the 10c I am predicting for this current period. At current numbers they would then actually be able to afford an annual payout of 60c, but I am assuming they would conserve half of their profits for expansion or simply a rainy day reserve.

I am guessing that we will look back in the future at today's opportunity to top up at 55c as being quite remarkable. I certainly did on behalf of the funds I manage.