Member Info for LuckyLuciano

When things are going just fine we start to panic by drawing all possible conspiracy theories.
I shouldn't be the one teaching a lesson here....but some time the argument I read on this board, are so far fetched or deliberately biased that can hardly justify today more than 100 posts. Is it because TGA sp found resistance at 500ish for the last 3 days, that this board is so crowded?
More over are you sure that this board is the right place to find your answers, for this recent unprecedented share price increase?
Look inside your self people.............................no sorry I was going to say something stupid!
Anyway, thank you for reading. lol

Wow this is some info.....
Any idea why coal price is sky rocketing?

....that is it. No production increase, energy prices going up and most likely coal price as well.
IMO this is quite a big moment for Tga sp, not sure when Opec+ will meet again but for now this decision will give a strong floor to energy prices.
Have to say can't blame Opec+ with all the recent events and demand unpredictability and having raised production only last month, why would they decide for another increase?!

Scoobydoo321
just a couple of points.
I doubt anyone know for sure what coal price would do in the next few days and also, how much up or down will move.
Many commentary talk about current energy crisis that will take some times to go back to normal. To that extent imo we might witness even gas prices coming down, with coal prices remaining at these high levels.
Opec is meeting today and oil/gas prices are rising in anticipation of NO INCREASE IN OUTPUT decision, but beyond that, considering all the variables in the energy space and not forgetting the winter coming, I am going to say that coal will see new heights in the near future. One think is for sure, and that is if coal is going to be phased out, its price can only increase exponentially. But please take my prediction with a pinch of salt.

lol

They have already increased production as from last month, will they add more given the current circumstances...or should I say prices?!
Above all this is emblematic of how often in the human realm, the decisional power is placed in the wrong place among the wrong people. I mean in my view Opec should be called UN and vice versa. One thing is for sure and that is that never before like now, the most vulnerable countries are those that depend most on energy imports.
This is funny and tragic at the same time, because if before we thought we can control everything with our fancy calculations, now the acceleration of global warming has raised the stake in the fight for survival.
We in Europe my end up paying almost double for energy and still have it rationed.
Hopefully we will be able to see the funny side...

Hope...what a beautiful word.

https://www.investing.com/equities/glencore-chart

Talking about Glencore and its coal production from the graph, great difference of sp direction compared to Rio and BHP.

Interesting post HENRYKISS
No doubt the world depends on China for production and supply of many goods and materials.
With the recent energy price hikes, there are many repercussions on many industries. Without going in to geopolitical conspiracy theories, its understandable that the Chinese Communist Party would give priority to electricity and energy supply for the people, before any other sector.

I have bought some more this morning, if i carry on like this i am going to have too many shares for my comfort.
I must stop buying Tga shares, good thing this time have put a stop loss whey down at 300, just in case a world catastrophe occurs.

No is impossible.

https://www.investing.com/commodities/coal-(api4)-fob-richards-bay-futures
This is getting ridiculous. November contract is even more expensive $213/t
Monday another 10%up

I am with you CM
I have tried to go with Octopus Tracker tariff, at least I get a fancy app on my phone, to see whole sale gas price changing every hour. Lol

...following up on that I just realised that gas prices are coming of from an all time lows.
https://www.investing.com/commodities/natural-gas-streaming-chart

Correct to a certain extent CM.
The story goes that if price will get too high (energy prices) either they will manage to pass the increase to consumers, or GDP will drop and consequently also consumption and prices.
On this note I am a bit suspicious about high gas prices. maybe is a coincidence or my paranoia, but EDF my now... ex energy supplier, at 1st October end of contract, was offering me only the choice to switch to 2 type of contracts, one been the default variable and the other a locked in till 2023 fixed unit price and more expensive than the variable rates.
Do they know that gas price this high wont last and are trying to make customers commit to much higher prices for 2 years?
We will se.

In the last few days of coal price rise, I was noticing a slightly drop on longer term contract pricing. But as of yesterday they are all up quite a lot, I mean November is at $200 as well and Dec and Jan are getting there too. wow

CloudyMountain
I am already back in. I keep saying to my self to use the stop losses but never do...when will I when my lesson?

The latter was a rookie mistake (as I mentioned at the time). It also meant that you had made a second rookie error i.e. letting emotion cloud your judgement.
====================
CloudyMountain
I have no problem at all to admit my mistakes and to trade Tga was a big one.
Beside the many variables of reverse psychology on sp dropping to 300 or not, the biggest mistake was to sell once i was at break even. Possibly was due to greed not fear has I had put too much investments on one single share.
Instinct and emotions for some are more conflicting than others I suppose. I am no good investors at all this is why I spend hours on end in researching (for what is worth).

https://www.argusmedia.com/en/news/2258279-opec-sees-no-impending-oil-supply-crunch-woo

Guys is not that I disagree with you. Is that at this stage with only one half baked 6 moth result out from Tga, FCF for what is worth is as good as other indicators. Indeed some the other indicators I mentioned, given the early stage of the new business entity, can not even be provided or available. Surely FCF will become more and more important, more time passes, as long as the coal price stay this high or keep rising, for a full year results we need another 9 moths to go, so this is why imo at this stage is wise to keep an eye and give the same importance to other factors.
One that has just emerged, thanks to TrekMadone indirect enquiry to Tga about dividends, is the Adjusted operating free cash flow. I have read the ANNEXURE 1 on Page. 63 of financial statement, and after that, to read that anyone here is able to shout (like I did) about FCF or PE with such certainty, make me laugh a bit.
Anyhow coal price is going up and till that last Tga sp will follow, maybe not in a straight line but that is the direction, up.
Any other indicator especially with numbers is a bit premature. For what is worth I have made a projection of Tga sp reaching 10/11£ by mid of next year, and funny enough today sp is more or less following that trend.