RE: JKX is extremely undervalued23 Sep 2021 13:33
Hi Daytrade. JKX did $7m cash growth + $4m inventory (which gets converted to cash obviously) when gas was less than 8,000uah. In one quarter the gas price has more than x3 and expected to stay expceptionally high beaucse of low inventories and winter coming. JKX will present staggering numbers and will make the market cap look ridiculous there. High gas prices obviously good for TGA also as coal demand increases. No surprise to see coal at new highs, just wish i hadn't sold lol
Hi SR, thought id come over here to reply, far too many disrruptive idiots over on TGA board that cant bear to hear/see a different narative or viewpoint. Shall give jkx a lookover and have a read up. You are quite correct that the gas market has gone bonkers, just like coal, in fact the whole energy market really which has made a huge move away from the in trend renewables. It seems to almost be turning into a war of attrition between the old school of fossils and the new school of dreamland. At least with JKX the business has been around for more than the 3 months of tga :)