Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Gas prices today in UK and Europe exploded. Guess something afoot in coal and gas for the recent price movement
Hi over these prices are a day old.. you guys see how it dropped by 4% on the rns ? Looks like the alogos kicked in on the death of the non exec..RIP.. the time that was realised it just dropped. Weird
Richards Bay:
https://www.barchart.com/futures/quotes/LVK24/overview
Newcastle:
https://www.barchart.com/futures/quotes/LQ*0/futures-prices
Coal up again! Again no idea what Newcastle or Richards bay is but I can see spot coal price up over 3% to 147. Why do they realise richards and Newcastle price after 6pm UK time..before that I can't see. Also volume up very high thus morning too
Newcastle just shot up to $150.
Weird but good if you hold here
$142.25
Coal up over 3.4% but don't know the live price fie newcaste or Richards bay coal price. I know yesterday it was up high. Anyone knkw where to get real time pricing?
Yes, I check most days, and by nothing more than observation, I would agree with you.
Bisichi reported last week that Transnet had been performing substantially better in the first quarter.
I think they are all reluctant to speak positively about any improvement for fear of giving the impression that it is 'job done'.
Is it just me (I only normally look about once a month) or are there far more bulk tankers loading in Richard's Bay than usual? It would be nice if the Transnet issues were declining at last.
Now, whether to stick next month's divi back in TGA, or find another home?
https://www.marinetraffic.com/en/ais/home/centerx:32.048/centery:-28.818/zoom:14
I think this is a fair price for a long term hold, and have bought half my shares back (which proved better than taking the dividend) but will delay on the other half before I commit.
Cloudy Mountain: Can you check your figure of 16% yesterday and 11% today, please? I took a quick look and declared short positions are 1.4%.
re: "also on IG Index (small retail shorts) there's more than normal short customers 16% yesterday, 11% today. Normal is about 5%."
This is referring to customers of IG Index who hold TGA in ISA's SIPP's CFD's Spread Bets and dealing accounts. It's the percentage of people who are long or short..NOT the volume of shares. Today 9% for their TGA holders are still short.
I Gave Dark Knight a full explanation about this in my post of: 10 Aug 2023 12:21. It's a useful tool.
Fromage: Overner : "sold them at their peak" may have been more convincing if you posted that on Friday rather than days later :)
I don't always get it right, sometimes spectacularly wrong !. I sold half my TGA shares late Feb 2022... just as Russia invaded Ukraine. See my post: 26 Feb 2022 12:07. Talk about bad timing !
Can you check your figure of 16% yesterday and 11% today, please? I took a quick look and declared short positions are 1.4%.
TGA's share buy back program will be finished by the AGM in May. There's some big shorts been building up, and on also on IG Index (small retail shorts) there's more than normal short customers 16% yesterday, 11% today. Normal is about 5%. Tempted to hold off buying back in for while. Or buy in small tranches.
Overall though with RB coal prices up to about $110 from $92 recently bodes well going forward, as this equates to another $200 million profit p/a ?
Fromage it is just hard to predict. Depends how many sell out tomorrow to go looking for the next divi.
And still falling. I sold all (NOT at peak) yesterday intending to avoid the WHT to buy back today, but it seems too early to get back in. I will be watching this, as I believe it is still a good share to be in, but not to buy until a trough has bottomed. I expect I will get the timing wrong on that, as well.
As expected crazy fall of 15% from a high of 635 just last week. I know big divi. falls more than the divi. I hope it doesnt drop all the way back to 500p or lower. that would be crazy.
"Sold" of course, not "bought".
They bought a bundle (pushing the share price up) to give away later, so the net effect of that is to destroy the cash assets and lower the company value and share price - yes? Might not be a good time to buy tomorrow, this could be dropping more than the dividend value.
Overner : "bought them at their peak" may have been more convincing if you posted that on Friday rather than days later :)
I sold all on Friday at £6.30. Will look to buy back in later, May/June after everything calms down. RB coal prices are slowly rising, things looking not bad for TGA going forwards
Running out of steam so after a great run up do I sell before xd or take the divi?
This has to be about more than the pending divi the way this has gone up
Very pleasant run, up 33% in the last month.
I think that’s very likely given the current price. This often has an over reaction when xd so weighing up the odds
We may hit £6 before going xd.