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1.2 is now the base to build on will only tick up slowly from here,long term hold this one, however very corrupt
Wow talk about bad timing brought in yesterday thinking this stock had seen the bottom, how wrong was I,surely this has to pick up soon
Currently there are 3 vessels docked in this Terminal. 2 vessels were docked here within the last 24 hours or 7 vessels were docked here within the last 7 days. The Turnaround time (average duration of the vessels staying docked in this terminal) is 1.6 days.
In my book the Ensham acquisition is a cheap, very cheap, deal.
At 2022's price level it adds 0.75 x AUD670m = USD350m = ZAR6.2bn to profits.
Their coal is also sold forward at least 8 months for the current year "locked box" from 1/1/23.
We don't know the cash cost of production but, if it is in the lower tier of Oz Coal Mines (approx. USD50/t) and if the price of coal falls to $75/t it is still highly profitable. On an NPV10 basis I reckon this deal alone is worth £5/share at $75/t coal!
If the share price falls much further the SA coal could approach becoming for free!
https://www.miningmx.com/top-story/51941-glencore-volumes-slide-but-buoyant-coal-price-eases-pain-except-in-sa-where-sales-fall-18/
"In South Africa, however, the dismal performance of the country’s state-owned rail and ports company Transnet contributed to most of an 18% year-on-year decline in coal sales"
Fromage hi yes I think at 10 tga is a great investment that's why I'm still in but as far as derisk I have sold half for now because I'm now not comfortable with the amount. Say you have 22000 shares at a price of £13 and the price drops to 9 =88000 why would you not want to protect that,all I'm saying is this share has dropped from over £18 to 10 in a matter of a few months. Now I'm not saying I'm not going to reinvest but with the downward pull of coal prices I feel it may drop lower
Redbull i to have been here from the very start and it's been one he'll of a ride but its getting to choppy now so I feel the need to derisk and have sold half. I still believe there is more to gain ,hope all your investments go well,you never know you might find yourself jumping back in very soon ??