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Seen this drop many times for very little reasons. No need to worry next week will move in one direction ,I'm very surprised to see this back in the 12s
1m buy again today, still can't believe the sp price is still this low ,coal is still holding very well
Well I am surprised to see the sp price back down to this level
No share buy backs, indeed was voted down which in my opinion dividend is the better option, as far as the summer mouths I think it actually Indonesias winter next month which will be interesting to see where the sp goes as Indonesia is most probably tga biggest customer. Coal is also up today and holding well ,can't wait to see the next lot of results
Does anyone know the next results date, I think it's August but not a 100%
More big buys towards the end of the day£356000 and 2m ,
Is this the new normal seems small rise back down around the same mark, we need the next update so this stock can take off again.
More buys than sells on that day so it is assumption that the 2m was a buy not a sell
Some big buys recently 2m Friday and two 2m today someone very confident
Coal shortage and heatwave spark India's power woes
By Soutik BiswasIndia correspondent
IMAGE SOURCE,AFP
Image caption,
Three-quarters of the electricity produced in India uses coal
9 May 2022
For more than a month, Sandeep Mall's engineering goods factory next to the Indian capital, Delhi, has been facing crippling power cuts, sometimes up to 14 hours a day.
The 50-odd machines in the factory located in a major manufacturing hub in Faridabad make products for aeronautics, automobile, mining and construction industries.
"Every time the power goes off, the machines stop, the semi-finished products get rejected and we have to start all over again," Mr Mall says.
That happens when he fires up diesel-powered generators to keep the factory running. He says it is three times as expensive to run it on diesel than what he pays to the local power transmission authority.
"This erodes my competitiveness, cuts into my profits. It's a complete mess, and is very frustrating," Mr Mall says.
"These are the worst power cuts I have faced in over a decade."
Beginning in April, power cuts and outages have rippled across India, slowing factories, closing schools, and sparking demonstrations. Two in three households said they were facing power outages, according to more than 21,000 people in 322 districts surveyed by LocalCircles, a polling agency. One in three households reported outages of two hours or more each day.
Image caption,
Sandeep Mall's engineering products factory near Delhi has been facing outages up to 14 hours a day
At least nine states, including Haryana, where Mr Mall's factory is located, are suffering from prolonged outages. The main reason why electricity is in such short supply is a shortage of coal.
India is the world's second-largest producer and consumer of coal. The fossil fuel keeps the country's lights on: three-quarters of the electricity produced uses coal. India sits atop the world's third-highest reserves of coal and boasts of the world's largest coal mining company but per person consumption is still modest.
Why India can't live without coal
India imports a little under a quarter of its consumption: much of it is coking coal which is used in blast furnaces for making steel and is not available domestically. Yet there are perpetual shortages.
Last October, India teetered on the brink of a power crisis when stocks at more than half of the country's 135 coal-fired plants ran critically low, or below 25% of normal levels. Now coal stocks are said to be critically low in 108 of its 173 power plants. The war in Ukraine means global prices of coal and natural gas have soared, making imports unaffordable.
"This crisis is worse than what it was last year as the demand is actually high. A perfect storm has built up now, and there are many reasons to blame," says Rahul Tongia, a senior fellow with the Centre for Social and Economic Progress (CSEP), a Delhi-based think tank.
IMAGE SOUR
Once the dividend is paid this stock will rise possible towards 15 by the end of June or early July
Absolutely disgusting if they have a loud you to buy the stock in the first place they can't sale with out your say so.this is there mistake
Something really weird happening with this lately
Redbull I to have noticed the port seems to be flowing nice and very busy , as for the price of coal will only increase now puntin has cut gas supply.
Lots of panic selling though out all mining sectors, I for one have had a 57k drop on tga and huge drop on aal. Hold tight for recovery and hopefully on to 15
Clever person
15% drop in a few days out of nowhere, what a ride this stock has been ,not one for a weak heart .makes my wonder how far this will dip before the dividend hopefully with a sharp rise after.
Wow didn't see this drop coming massive buying opportunity have seen this a few times and the stock recovery is always more ,coal price is still holding strong
This seems to be the new normal, small rise then back down to 1300
Still in for now, don't feel it's the right time just yet, maybe around the 14 Mark. I have taken some profits and will put small amounts in he1 as this could be possible the next roller coaster. Good luck with your investments