Thungela Resources Share Price (TGA)

My opinion is buybacks make no difference. Coal is just good to be in with energy shortages around.

Maybe the buyback of shares are having an effect.

Given the normal sharpe pullback post divi something is clearly supporting the price

Continued…

In Indonesia, high temperatures are contributing to a surge in dengue fever, a potentially deadly disease that is carried by mosquitoes. Cases have increased from 15,000 a year to 35,000 a year in the past 12 months.

Vietnam’s coffee crop is suffering because of drought, and in Dong Nai province hundreds of thousands of fish have died after a reservoir dried up, resulting in an overwhelming stench.

The El Niño phenomenon is a periodic rise in the temperature of the eastern Pacific, around Peru and the Galapagos Islands, which causes disruption to weather patterns across the world.

Research has found that global warming causes longer and more extreme El Niños. Even without the phenomenon, aggregated climate data shows that long-term temperatures are rising due to man-made climate change, and that they are doing so in Asia faster than the global average.”

This must be linked to the price rise. People across a chunk of an entire continent are turning up their air conditioning.

Heading: “Brutal 48C heatwave takes its toll on east Asia”.

Sub-heading: “Temperature records broken across region as heat damages crops, disrupts schools and places strain on electricity grids as people turn up air conditioning”

https://www.thetimes.co.uk/article/8a09e92b-8b10-4264-806a-ef011d68b1d3?shareToken=e383b8da838166099abf26c57fdbb43c

I’ll have to split the text across two comments due to the character limit.

“East Asia is in the throes of an intense heatwave that is causing deadly heatstroke, damaging crops, and has exposed an old town at the bottom of a dried-up reservoir in the Philippines.

The record temperatures are the result of climate change, made worse by the El Niño weather phenomenon. The town of Chauk in Myanmar recorded a temperature on Monday of 48.2C — the highest ever measured there, and one of numerous records set across the region. In the capital of the Philippines, Manila, a new high of 38.8C was recorded.

Some 48,000 state schools across the Philippines were closed all week, as the authorities advised people to avoid going outside. The increased use of air conditioning is putting pressure on the electricity grid in the nation’s largest island, Luzon.

There the ruins of an old town, which was flooded after the construction of dam in the 1970s, have been exposed as the reservoir levels dropped. The church of Pantabangan and the tombs in its graveyard have become tourist attractions, after the water level of the lake fell by 50 metres.

Temperatures in Thailand have surpassed 40C in many places, including the capital, Bangkok. At least 30 people have died from heatstroke this year, according to the Thai authorities lcompared with 37 deaths in 2023.

Heatstroke is most dangerous for the elderly, babies and young children and those with serious illnesses, so identifying it as a cause of death is sometimes difficult.

Thai media reported that a motorbike spontaneously caught fire on Thursday in the northern city of Chiang Rai, and that railway workers in the south have been putting ice on the tracks in an effort to prevent thembuckling.

The Cambodian authorities said that high temperatures were a factor in an explosion at an army base that killed 20 soldiers last weekend. “The incident of the ammunition explosion on April 27 … was a technical issue because the weapons are old, faulty, and the hot weather,” the country’s defence ministry said, although is it not clear exactly how the temperature contributed to the incident in Kampong Speu province.

Bangladesh and Japan announced the warmest April since records began in 1898. Average temperatures in Japan were 2.76C higher than normal.

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