I understand. I guess only time will tell.
I haven't seen any projections. In the latest announcement it states "the acquisition of Bengalla is expected to deliver an immediate positive contribution to the group's operating and financial performance." I've interpreted this as an improved bottom line compared to the scenario where the purchase hadn't taken place and the cash was still in the bank. Surely at the very least that statement means that Bengalla is profitable even at current coal prices.
Still, these are just my opinions, and DYOR.
did they over pay for Bengalla ?, page-7
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