Member Info for LuckyLuciano

Today drop looks atm les severe than yesterday, hopefully Tga sp has found a floor from which build up....Lower coal prices may have been priced in and by now and sp should slowly recover. IMO

If you are intrested............ https://www.change.org/p/department-for-business-energy-industrial-strategy-make-short-selling-of-shares-illegal

Though MT was pay for service....
Indeed RedbullRJ the fire issue/news which caused Tga sp to drop quite a lot, was never a factor.....Talking about market panic.
Today though is the most laughable reaction, we know for days now that China is doing what they can to curb frankly unbelievable very high coal price, even before this would happen I did post my concern of such high prices. Is inevitable that after news of China intervention on coal prices, prices will drop even if nothing has changed for the market.
I am sure that there will be some changes though and I am not suggesting the contrary but, few things need explained.
First Chine coal prices have noting to do with Tga coal price. Second that coal price was due a correction was inevitable and is welcome for medium term profitability of coal producers. Third on China subsidy of coal price, this is a very bullish new in that is an admission that China is not able to do much in increasing supply to reduce prices.
Remember that coal is not needed only by China, Indonesia and India have stopped exporting the staff because they are short in reserves, even Europe restart to burn coal with gas prices at this levels, by the way today on the rise again...

Richard Bay Port coal price for October $220 for now.....

https://www.vesselfinder.com/
4 vessels loading....max operation

Russia just cut gas supply to Moldova
Just to understand that is unlikely Russia is in the mood to flood Europe with cheap gas. Indeed I am going to guess new high coming for Gas.

China decided to give up curbing prices. They are now subsidising the coal price. This will put an high floor to coal price. Thank China.

more over is not that India our main customer can buy coal where ever they find it cheaper.

problem is some 50% of the world energy is coming from coal, but the world have stopped to develop new mines.
End of the month COP25 run the risk to exacerbate this market situation, if they agree more measure to curb coal production the coal price can only go higher.

...so finally they give up trying to reduce coal prices and in stead decided to subsidising.
Just what I though. What else from a dictatorship?
Coal prices are to remain high for the foreseeable future.

Tga sells a fraction of its export prices to China.

The usual suspects...

....when the price will be down enough, these guys will be back in this board talking about, what fantastic cash cow is this company and ramping up Tga again. lol

The guy and his friend have clearly gone short on Tga, hoping to make money when the sp go down.
This is why is creating a post with big negative title and keeping is post at the top of this page, so that novice investors read it and get scared.

Clearly some clown is adjusting the narrative to suite investment decision. The fact is that Tga was selling coal at $80/t in June making £17mill a month profit. Now coal is more than double that...
Also is no point to focus on China as Tga sells most of its coal to other markets.

Tga PR promised a market update.
this can be positive news on Transnet, sp will regain 500p in no time.
At 25% below current coal spot price Tga is making its market cap in cash......There is no other UK share so undervalued.

..keep seen for the last week a 50k buy , maybe an institutional investor building stock..

...is a blue day

26-Oct-21 16:35:10 387.60 53,217 Buy* 384.70 385.50 206.27k UT
Yesterday buy at 387.60

https://www.mining.com/web/chinas-physical-coal-prices-tell-different-story-to-futures/