Also, suspicious how the share price sank up to this announcement, wouldn’t trust the management of this firm either. Glad I got out when I did. Posting here because I have always had an interest in the pig industry.
It’s you who should be ashamed Gubby, my comments were fair and balanced and referenced the time and place of the interview so that anyone could listen. To be honest you come across as unbalanced, I could say more but I will leave it there. I will never respond or reference you again, so you can say what you like in the knowledge that you will have the last word.
Well Gubby, I said I found his comments positive long term. The negative aspect I suppose is the inability to increase production whilst prices are at these levels, now maybe he couldn’t say but it would have been nice if he had said we had forward sold production at these prices even if we can’t mine any faster right now. I posted the time of the interview so that people could make their own mind up. I inferred what I said and you inferred something different. Let us hope you are correct and I am wrong. I get the feeling that a lot of people have gone all in here and that as their personal stakes are so high they will try and clamp down on the slightest negative comment.
The boss of Thungela on radio 4 at 6.20 this morning. He said there was years of coal demand left yet and hinted TGA would still be mining 10-15 years into the future. He also said it wasn’t possible to ramp up production just because demand had increased. Overall I thought his comments negative short term and positive long term. It is possible to listen to the interview on BBC sounds 20.44 minutes into the today program.
Fallen 15% from its recent high on nothing but Algo trades, a good trading statement is due on Friday and it’s only a couple of weeks since they said trading was very strong and they have a record order book. Tempted to keep talking to myself every day here until it goes up.
CloudyMountain, Well said. It’s funny, I bought my main tranche at about 254p then topped up when they dropped to 243p however twice since I have actually paid the all time high for TGA shares, the last time was early last week I think at about 338p. It has made me wonder if finding a share and paying the highest ever price might be a good strategy?
Everyone makes mistakes, investing in thungela has made up for a few mistakes I have made in the past, but even so I could have done better. LuckyLuciano, BCtrader , you will have both made plenty of mistakes too. Here’s to making more mistakes in the future, have a virtual pint on me.
I have been a bit disappointed by the drift down here since the aftermath of the placing, however I believe a trading statement is due on Friday and I think we may well reach new highs before too long.
RE: The coal price is too high now.24 Sep 2021 09:10
Yes, a windfall tax by the SA Government is a definite risk. Don’t get me wrong, this is still cheap and has been a great investment but I think there is a high risk of others wanting to share our good fortune, and obviously that would limit our upside.