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Read somewhere a ..couple of weeks ago that they were considering buying diesel trains from china as the current ones were knackered. Still believe that china might try to take tga out and keep all the coal itself..
That would help IMO or at least using aluminium power cable instead of copper as it's worth less as scrap, unfortunately they steal the actual rails too :-o
https://www.news24.com/witness/news/kzn/seven-arrested-for-stealing-transnet-railway-tracks-in-kzn-20220112
Buy diesel locomotives
redbull. excellent find. didn;t realize the thefts were so prolific or so many big hitters were also using transnet. with so much at stake and so many big hitters dependent on it you would have thought collectively they could do a better job. thought drones would be a good way to help monitor movement. maybe give china some skin in the game , they'll soon cut the thefts down.
Hopefully up we go well done redpoll great information
AFAIK it's the North Corridor:
https://www.transnet.net/Divisions/Pages/FreightRail.aspx
https://www.transnetfreightrail-tfr.net/BU/Coal/Pages/Overview.aspx
Useful find. Do you know which corridor applies to us?
This is as close as I can find to any useful info on railings. Anyone got anything better? Higher coal prices are great but we need to get lots of product to RBCT
https://www.transnet.net/Media/Pages/Cable-Theft-Stats.aspx
This stock can’t seem to push on towards 500p. Been stuck in this price range for a month now
Coal supply to remain tight?:
https://twitter.com/PlattsCoal/status/1482925222286475264?s=20
https://twitter.com/PlattsOil/status/1482924712795725830?s=20
Doesn’t the share price at times track the markets overall performance? Get the feeling tga will soon have a break out towards 470p - 500p or perhaps that’s me being optimistic
Coal price rising, share price dropping?
https://www.barchart.com/futures/quotes/LVG22/interactive-chart
and Indonesia ban not yet lifted:
https://www.bloomberg.com/news/articles/2022-01-13/indonesia-says-coal-ban-remains-even-as-dozens-of-ships-depart
Anyone have any news on Transnet's performance on getting more of the coal to RBCT?
Articles below are good news but only a tiny percentage of what is going missing. It's not exactly rocket science for the scrap yards to work out where the rails have come from, so about time they went after them too?
https://www.news24.com/witness/news/kzn/seven-arrested-for-stealing-transnet-railway-tracks-in-kzn-20220112
https://www.news24.com/fin24/companies/industrial/r1-million-in-stolen-transnet-railway-tracks-recovered-seven-arrested-20220112
With links separated :)
https://asia.nikkei.com/Business/Markets/Commodities/Indonesia-relaxes-export-ban-to-allow-37-coal-vessels-to-depart
https://www.cnbc.com/2022/01/13/indonesia-relaxes-export-ban-to-allow-37-coal-vessels-to-depart.html
Ban still in place with apparently no new ships being loaded yet? :
https://asia.nikkei.com/Business/Markets/Commodities/Indonesia-relaxes-export-ban-to-allow-37-coal-vessels-to-departhttps://www.cnbc.com/2022/01/13/indonesia-relaxes-export-ban-to-allow-37-coal-vessels-to-depart.html
Indonesian coal still not moving?
https://www.miningweekly.com/article/coal-vessels-await-clearance-to-leave-as-indonesia-mulls-ease-of-export-ban-2022-01-12
Ban loosening:
https://www.reuters.com/markets/commodities/indonesia-hopes-decide-coal-export-resumption-coming-days-minister-2022-01-10/
Climbing back up steadily on JSE. Up 0.7% at the mo.
Two great links for every TGA investor Redbull. Great info. Keep it up.
Thanks
GS
Again Redbull appreciate the info, this thread has become very quiet now the rampers have moved on. I’m a firm holder
Looking busier now at the RBCT, 2 more bulks arrived this morning for a total of 4 loading and coal price up nicely. Results day can't come soon enough :-)
https://www.marinetraffic.com/en/ais/home/centerx:32.039/centery:-28.816/zoom:15
https://www.barchart.com/futures/quotes/LVG22/overview
Good news for TGA, looks like the export ban is till in place which should hold coal prices up atm:
https://www.reuters.com/markets/commodities/indonesia-holds-talks-with-industry-coal-distribution-problems-export-ban-2022-01-09/
https://www.aljazeera.com/economy/2022/1/10/philippines-urges-indonesia-to-lift-coal-export-ban
Just wish RBCT was a bit busier to take maximum advantage of it:
https://www.marinetraffic.com/en/ais/home/centerx:32.045/centery:-28.820/zoom:14