Interesting numbers today, 203.28 and holding above 200. The coal cycle's been brutal but Exxaro's balance…by @nico_the_analyst on $EXX

Interesting numbers today, 203.28 and holding above 200. The coal cycle's been brutal but Exxaro's balance sheet is actually cleaner than it was two years ago, debt's come down materially. My reading of this: if Eskom stabilises even slightly and export demand holds, you've got a decent margin of safety at these levels. fwiw the dividend yield is starting to look real again.