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Great strength of late
Also interesting (or not) that coal went higher yesterday even though European gas prices dropped a little
I'll be looking for good forward guidance on Monday from the management
Well, who ever has taken the short out, they can burn next week when results are out, and they can use the coal from Thungela`s mine to do that.
Wasn't me.
Someone has taken out a Short on IG Index within the last hour. Was 3% of clients short, consistent buying activity all today. Now 4% of clients short, all sells last hour.
This was trading closer to £9 last time Richard Bay coal was at $115. Gas price increasing and so is coal. Small % increases add masses to TGA cash pile. Won't be long before their cash exceeds market cap. Would love to see a buyback here rather than a divi but I'll take either.
$$$
@baroninvestment tweet
“ No breakthrough on stopping Australian #LNG strikes (11% global supply) yesterday
European #Gas pricing shooting higher again this morning, #Coal also higher
Next key update expected on Aug 23 with discussions to take place between Woodside and labor union officials.
Monitor!”
And talking of coal demand, do not forget the hypocritical Germans with their self righteous green agenda....and their increasing demand for coal as atomkraft is too dirty for them! But the Poles don't mind accepting their pollution. Honest guv.
$$$ kicking off again for TGA
LNG talks failed also yesterday in Oz and it’s backing to the table again next Wednesday. That’s only going to help the cause here. Looks like Glencore were right about coal too, downside is in. Have a good day TGA holders
I blocked him weeks ago, but can't avoid reading all the completely pointless responses he still gets.
Sadly, far too many people have fallen into his trap and endlessly try and respond to him, ruinIng this board in the process
Bank of America are predicting coal prices to fall throughout 2023.
Focus on real news, like coal prices, China, India, big users of coal. Coal is used to create a base load electricity in many countries.
None of the chat on here has any affect on the SP.
I made £100k last year on TGA as fortunately I was buying a house and had to cash in near the top. still have some shares. I worked for Anglo and had loads of shares in TGA at the initial price and also understand commodities.
Don't listen to anyone except the coal price and China/india/eu import requirements
Also @SBC there can't be an absolute record low on coal unless its inflation adjusted. I'm sure coal was lass than $1 ton at some time.
Blimey is that open water swimmer fool still posting his nonsense on here and destroying the board. Probably just trying to make himself better after his poor calls on BOO - he is evn suggesting that pile of doo doo is going up to £6.50 (each not for 100).
Shows how deluded he is. Glad to see you guys giving him a good pasting.
Edward, I think the answer’s yes. I’ve booked a vaccination.
LSE seems to be SCB’s social life and raison d’être. I suspect that we are the only people who talk to him - it would explain why he can’t stop.
Ummmm banks have started cutting interest rates as they see rates dropping lol.
Christ alive, guys. 33 comments today (and counting), without a single bit of company news being added.
Is the madness infectious?
And when you see interest rates rising it makes you glad Tga doesn’t have debt! Our resident chancer should be going after the stocks that have loads of debt and highly sensitive.
Anyway, interest rates in our case Will push bank balances higher…
Quite good demand in that auction, best for a while in fact.
Closed up 0.3%. Build further tomorrow…
Jadams on the contrary - I'd say well done!.
Southcoast - you’re going to be extremely angry as climbs, shame :)
Im assuming posters take to personal insults as they have no answer for what could cause a reversal...
The Ukraine war can't go on forever now can it??
The most amusing part is that they're a die-hard Boohoo investor, which has gone from 400p+ to 35p and then has the audacity to post here.
Clearly their portfolio is an absolute bloodbath, and is trying to make themselves feel better by antagonising successful investors.
OK, we get the message - TGA is doomed and the SP will fall. And you know because you’ve conducted an extensive financial analysis (a 2-second glance at the graph). Sorted.
There’s no need to tell us again.
Everyone else, shall we run a sweepstake on how many minutes it will be until he repeats himself? I could draw up a bingo card with his key words & phrases.
Im seeing nothing to suggest a reversal of the coal price or TGA.
Not one person here has gave a valid argument as to why either would rise significantly.
If you don't see the trend then that's your problem I'm afraid - it's clearly down.