Thungela Resources Share Discussion Threads

[casket1] 30/5/2023 14:56

Ahh, I see.....

Coal price

2016: $49

Now: $140

[casket1] 30/5/2023 14:46

Sorry, what's your point apart from stating the obvious prices from 6 months ago & now ????

[sbb1x] 30/5/2023 11:40

Coal priceSix months ago: $402Now: $140

[sbb1x] 25/5/2023 17:08

New 52 week low 568

[casket1] 25/5/2023 13:19

It can't possibly fall to 200 you plum, the cash value per share is 600....

You have still yet to provide one piece of information / evidence to support your theory which leads me to believe you are shorting this stock and making these wild accusations to support your nefarious position, or you are wishing to acquire a holding and want to pay as little as possible

Glen should forget the TECK purchase and put an offer in for TGA, views ?

[sbb1x] 25/5/2023 13:18

Looks like I should have stuck with my 550 call.

[hiddendepths] 25/5/2023 11:18

Certainly the dividend will fall sharply unless the situation improves - which looks very unlikely for the foreseeable future!

I bought these primarily for the divi and sold on the surprisingly large rally when they went xd. I guess I got lucky!

Still, it stays on the watch list and if and when the road to improving output and profits becomes more visible I will buy back in. But there's no sign as yet!

[trader465] 25/5/2023 09:46

Hit the 500’s today, I reckon it’s going back to the 200’s now that the coal spike is over. Going forward, with lower coal profit will fall, yield will fall, and the share price will fall

[sbb1x] 24/5/2023 14:54

Sneaky looking for stops

[sbb1x] 24/5/2023 13:52

Not bought. Just think it's turned

[spawny100] 24/5/2023 13:51

You think the bottom is in so you've bought or you think the bottom is in because you've bought?

[sbb1x] 24/5/2023 13:37

Think the bottom is in

[sbb1x] 19/5/2023 11:01

New 52 week low 604

[trader465] 18/5/2023 14:37

Why? It will go below 500p, the coal spike is over, going forward dividends and share price will fall

[sbb1x] 18/5/2023 14:23

Double up at 500 sounds like a good idea

[sbb1x] 18/5/2023 12:03

Unfortunately no

[8gggggggg] 18/5/2023 07:20

Have the company got a mandate to buy its own shares ?, Dakas.

[casket1] 17/5/2023 14:08

If it ever hits £5.00 I will double my 24500 holding and live off the dividends.......

TGA hold R19.8b in CASH over 137.55m shares = R143.95/share or £5.98 CASH value per share

[sbb1x] 17/5/2023 12:07

New 52 week low 637

[1knocker] 17/5/2023 11:13

johneee, SA certainly needs the coal, both for electricity generation (over 80% coal) and export.

Unfortunately because of the dire state of the power plants and transmission system, SA coal consumption has actually DECLINED, leading to a govt response that this has at least improved their carbon emissions figures! The ports and rail network are also in a poor state, and getting worse rather than better, which TGA has said is a constraint on sales for export.

What SA needs, and what SA is achieving, are at opposite ends of the spectrum unfortunately, and that inevitably impacts on TGA. It can mine coal very profitably. A failing electrical power generation system and etting it to the export customers are the problems. Its a while until we hear what the end of year dividend will be, so buyers who exercise patience will probably be rewarded.I feel for anyone who bought into last year's peak.

[trader465] 17/5/2023 09:47

Edging closer to my 500p target.

The price rise here was a one off reaction to a freak coal price spike in 2022. The company themselves have said they don’t expect 2022 prices to be repeated.

[johneee] 17/5/2023 09:38

Maybe equity this is like a coal mine......you can never find the bottom of the shaft....just gets lower and lower.....Will TGA dig itself out or just get deeper and deeper?

Who knows?

Certainly SA need coal and coal exports....surely