TER - Terracom Limited

[divs4ever]

Dividend Declaration of 3.0 cents per share, fully franked
TerraCom Limited (ASX: TER) (TerraCom or Company) wishes to announce a fully franked dividend
of 3.0 cents per fully paid ordinary share (Share) has been declared by the Company’s Board of
Directors. This dividend is in line with the previously announced dividend policy and applies to the
quarter ended 31 March 2023.
Details are noted below:
• Ordinary dividend totalling 3.0 cents per Share.
• Combined with the dividend paid for the quarter ended 30 September 2022 and the quarter ended
31 December 2022, the total dividend return for the 9 month period ended 31 March 2023 totals
20.5 cents per share, representing approximately 73% of NPAT1.
• Dividend is fully franked.
• Ex-dividend date of 8 June 2023.
• Record date of 9 June 2023.
• Payment date of 27 June 2023.
Commenting on the dividend, Managing Director, Danny McCarthy, said:
“In line with the Company’s dividend policy, the Company is pleased to declare another dividend to
shareholders. Combined with the 17.5 cents already paid to shareholders in the previous two quarters,
the total return this financial year represents a dividend yield of approximately 40%, based on the
current share price.
Following payment of this dividend in June 2023, the Company will have returned $244 million2 to
shareholders since July 2022.”

DYOR

i hold TER ( grabbed a small parcel after reading this ann. and the current price drop)

either hero or i buy another parcel before it goes ex-div.

 

[rcw1]

Good afternoon @divs4ever
Hoping find you well. Go the Maroons

Are you aware of the legal proceedings underway? ASIC’s proceedings relate to Terracom itself, Terracom’s and management/former management. Not sure where it is at though.

Read some stuff in New Corp related media sometime earlier this year about coal testing and whistle blowing and stuff M8??
Thought would mention it.

Kind regards
rcw1

 

[divs4ever]

if i hold this long term , i would it expect to move operations to more into Africa ( like NHC has moved more focus to NSW )

in previous years i have avoided Africa whenever possible , Australia and governments have changed ( and so must i )

the East Coast of Australia will go into economic collapse without coal , but i bet they do it anyway

 

[rcw1]

if i hold this long term , i would it expect to move operations to more into Africa ( like NHC has moved more focus to NSW )

in previous years i have avoided Africa whenever possible , Australia and governments have changed ( and so must i )

the East Coast of Australia will go into economic collapse without coal , but i bet they do it anyway

All good bloke, all the best with it.

Kind regards
rcw1

 

[divs4ever]

have done well with WHC and NHC with their coal mining , am having another bash here

total speculation but the recent massive sell-down of shares is liable to draw a predator ( and a shorter stay than planned )

 

[MovingAverage]

Dividend Declaration of 3.0 cents per share, fully franked
TerraCom Limited (ASX: TER) (TerraCom or Company) wishes to announce a fully franked dividend
of 3.0 cents per fully paid ordinary share (Share) has been declared by the Company’s Board of
Directors. This dividend is in line with the previously announced dividend policy and applies to the
quarter ended 31 March 2023.
Details are noted below:
• Ordinary dividend totalling 3.0 cents per Share.
• Combined with the dividend paid for the quarter ended 30 September 2022 and the quarter ended
31 December 2022, the total dividend return for the 9 month period ended 31 March 2023 totals
20.5 cents per share, representing approximately 73% of NPAT1.
• Dividend is fully franked.
• Ex-dividend date of 8 June 2023.
• Record date of 9 June 2023.
• Payment date of 27 June 2023.
Commenting on the dividend, Managing Director, Danny McCarthy, said:
“In line with the Company’s dividend policy, the Company is pleased to declare another dividend to
shareholders. Combined with the 17.5 cents already paid to shareholders in the previous two quarters,
the total return this financial year represents a dividend yield of approximately 40%, based on the
current share price.
Following payment of this dividend in June 2023, the Company will have returned $244 million2 to
shareholders since July 2022.”

DYOR

i hold TER ( grabbed a small parcel after reading this ann. and the current price drop)

either hero or i buy another parcel before it goes ex-div.

I've been a big fan of TER and a holder for several years. Prior divs of 7.5c and 10c FF were great but to be honest I'm a little disappointed with the last 3c FF div. But to be fare recent coal prices haven't been kind to TER so last 3c div is understandable. While I remain a holder of TER I think the current down trend has someway south to go. Personally, I think TER is headed back to around 20c. There are several things about TER that worry me--they have no published long-term strategy and current mines have about 7/8 years left--what's the plan to deal with that, well TER hasn't given any indication on that. Their recently appointed Chairman (Campbell) has resigned and left the business completely--no reason and was with immediate effect. They also have the ASIC legal action on going with the whistleblower. As I said, I remain a holder but I fear dark clouds are forming over TERs future.

 

[finicky]

Took a look, without even a clue what it does, and the chart looks to me an avoid. Not news that the chart is weak. My notional target is also 20c - using 'measured' distance from the overhead top above 70c. Nothing sure about my chart prognoses though! Plan to have a squizz at what it does and its problems.

Not Held

 

[MovingAverage]

Took a look, without even a clue what it does, and the chart looks to me an avoid. Not news that the chart is weak. My notional target is also 20c - using 'measured' distance from the overhead top above 70c. Nothing sure about my chart prognoses though! Plan to have a squizz at what it does and its problems.

Not Held

Thermal coal--nothing more, nothing less

 

[finicky]

Forgot a chart.
The April retest of the broken ~70c support gives it a more emphatic look. It's basically a lopsided irregular head and shoulders top, lol

WEEKLY

 

[divs4ever]

Coal Sales Update

TerraCom Limited (ASX: TER) (TerraCom or Company) wishes to advise shareholders of the full year coal sales result from its Blair Athol (BA) Coal Mine in Clermont, Queensland.BA sold 408kt for the June Quarter resulting in total coal sales for the financial year ended 30 June 2024 of 1.57Mt.

BA was set to deliver within its revised full year guidance range of 1.7Mt and had planned three shipments for June to achieve this.

In mid-June, a significant unscheduled downtime event occurred on the dragline, resulting in unforeseen delays to production ultimately impacting railing to achieve all three shipments.
The third planned June shipment is scheduled to sail early July 2024, subject to network and railing performance.

Our sales guidance for BA is 1.8Mt for the 12 months ending 30 June 2025.

This announcement has been approved by the Board for release.


i hold TER ( and have a low-ball order already in the market )

 

[divs4ever]

Cooperation Agreement with Wintime Energy Group Co., Ltd

TerraCom Limited (ASX: TER) (TerraCom or Company) is pleased to advise it has entered into a Cooperation Agreement with Wintime Energy Group Co., Ltd (a company listed on the ShanghaiStock Exchange, 600157) (Wintime) to jointly develop and operate the Moorlands Thermal Coal Project (Moorlands Project) in Queensland and pursue other strategic opportunities in complementary markets and industries.

Highlights

• TerraCom intends to act as a full-service development and mining services partner for Wintime to expedite the approval and commercial operation of the Moorlands Project
• Blair Athol to be used as an infrastructure, processing and logistics precinct generating along-term revenue stream alongside steady state ROM production from Blair Athol.
• TerraCom and Wintime will work exclusively to agree definitive project documents for the Moorlands Project by 31 December 2024.
• TerraCom and Wintime plan to work collaboratively to investigate joint global development and operation opportunities in complementary markets and industries, including in mineral resources, renewable resources and related areas.

About Wintime

Wintime was founded in 1992 and listed on the Shanghai Stock Exchange in 1998.
Wintime has comprehensive energy development, generation, distribution and storage expertise and operates a portfolio of coal mine and power generation assets including wharf and ship loading/unloading facilities across mainland China.
Wintime also operates in petrochemical manufacturing and trading with complementary investment, logistics, equipment supply and other businesses.
The market capitalisation of Wintime is 27.99bn CNY (approximately AUD5.94bn)1.
Wintime, through its wholly owned subsidiaries, is the holder of tenements, which comprise the Moorlands Project.1
At close: 3.00pm China Standard Time on 9 August 2024.pg. 2

About the Moorlands Project
The Moorlands Project is a thermal coal development opportunity located in the Western Bowen Basin of Queensland approximately 14 kilometres northwest of the TerraCom Blair Athol Coal Mine and 25 kilometres northwest of the Clermont township.
Moorlands is initially proposed as a 1.9mtpa run-of-mine operation with a 25 year mine life and expansion potential to 4mtpa run-of-mine.
Moorlands is subject to grant of mining leases and receipt of other relevant approvals.
The tenements comprising the Moorlands Project have a 378mt resource (JORC 2012) with initial studies indicating support for a robust open cut thermal coal mining operation to provide long term supply for Wintime’s coal fired power generation in China

TerraCom will be engaged to provide development, management, mining services, logistics and processing services through to the mine gate.

TerraCom will leverage capacity in the existing infrastructure at Blair Athol, to establish a dual processing and logistics hub for Blair Athol and Moorlands coal whilst maintaining steady state ROM production from the Blair Athol resource.

TerraCom and Wintime will now work with regulatory authorities and technical consultants with a view to targeting first coal from the Moorlands Project in FY26.

TerraCom Managing Director, Danny McCarthy commented:“I was fortunate enough to recently see firsthand the scale and sophistication of the Wintime operations in China and am humbled by the trust Wintime has placed in TerraCom to bring the Moorlands Project to life as well as the global development opportunities to expand the reach ofTerraCom and Wintime.

The skills of both organisations and the proximity of Moorlands to Blair Athol makes TerraCom and Wintime natural partners to unlock development and operational synergies for both companies extending the horizon of mining operations at Blair Athol and the regional benefits that flow from it.

TerraCom looks forward to working strategically with Wintime in Australia and globally to explore complementary development opportunities that showcase the energy development, generation and technology capabilities of Wintime and the operational calibre of TerraCom.”

This announcement has been approved by the Board for release.

i hold TER ( and have a low-ball order already in the market )