Member Info for RedbullRJ

UK gas for March now at 330p, that's 54% up on yesterday's already high prices. "Normal" longer term price is closer to 40-50p, and with LNG now a global commodity, there will be a lot of pressure to start burning more coal in place of gas.

https://www.theice.com/products/910/UK-Natural-Gas-Futures/data?marketId=5188707&span=3

New tweet:

https://twitter.com/angusenergyplc/status/1496842526040416258?s=20&t=u0EuyExQ8y9hyjIQ-k3e4g

Be great if this is effectively implemented, though TIA:

https://www.miningweekly.com/article/south-africa-targets-cable-thieves-holding-economy-to-ransom-2022-02-24

On further news, one bulk leaving RBCT and another passing it on the way in to immediately replace is on the loading quay. A reasonable amount must be getting through on the rail line atm to keep filling them up.

https://www.marinetraffic.com/en/ais/home/centerx:32.060/centery:-28.816/zoom:14

pop31, I get nothing out of this, just trying to offer helpful advice and information. Your last two answers on coal pricing and posting history, prove my point for me. This is investing, do not take things personally and leave your emotions at home. I have no intention of getting into a tit for tat spat and clogging this board with further unnecessary exchanges, I wish you the best in your endeavours and will not directly engage with you further.

pop31, as expected you are looking at yesterday's price for February delivery (which expires tomorrow "Expiration Date02/25/22 (1 day)")
You need to look at prices (which show on the right hand side of the screen), that they have been updated today (i.e. a time, not yesterday's date)

i.e. Header from your link:
"ICE Richard Bay Coal Feb '22 (LVG22)
204.00s +4.60 (+2.31%) 02/23/22 [ICE/EU]
ICE RICHARD BAY COAL PRICES for Wed, Feb 23rd, 2022" ----------NOTE the date is 23rd not 24th.

As you get closer to the end of the month, the contract becomes less relevant, because you are either going to have to take physical delivery of the coal (do you have a bulk booked into RBC before Monday?) or close it, through the clearing house. Therefore I would suggest that the following month's price becomes the most immediately relevant to the price you will get when you try to sell your coal onto the market.

With the utmost respect and sincerity (I am not trying to be one of the point scoring trolls that lurk on many of the boards on LSE) but if you do not genuinely already know and understand the above, I would suggest, investing in individual shares, is not for you, and/or to get stuck into some serious researching.

ATB RB

BP is down due to it's Russian exposure, including a 20% stake in Rosneft.
Angs is exposed, as while we are waiting for gas to flow, we have an outstanding contract to deliver gas on the hedge when it kicks in. If we have lots of gas flowing, no problem, if not, then we will have to buy gas from the market at (now even higher) market rates to fulfil the contracted obligation.

If lots of gas flows before July we are quids in, if it doesn't we are done.

pop31, do you have a link to show that today's price has only risen 2.3%? I suspect you are looking at yesterday's prices or now virtually irrelevant February prices again.

Currently April RBCT futures are up 16.85%, and others will follow suit when publicly available.

https://www.barchart.com/futures/quotes/LVJ22/overview

Newcastle prices (which are more relevant than Rotterdam) also up strongly today

https://www.barchart.com/futures/quotes/LQH22/overview

Tweet

https://twitter.com/angusenergyplc/status/1496452538626981895?s=20&t=xNh-prB75ysMS_SbGCoHcA

RBCT now at over $200/ton for March and almost certainly the Feb figure will be too when the price becomes publicly available later.

https://www.barchart.com/futures/quotes/LVG22/overview

RBCT coal closed at:
Feb 199.4
March 196.0
That's a lot of profit and 4 bulks currently on the loading quay.

https://www.barchart.com/futures/quotes/LVG22/overview

Tweet:

https://twitter.com/angusenergyplc/status/1496081081698709512?s=20&t=ZKaFN7XRlQvtsIReL-2OXg

The shorts currently open should have plenty of stock available to buy back and close, as this is highly likely to be demoted from the FTSE250 at the next review on 2nd March and trackers will have to sell. If results later in March are good, there is opportunity for CPI to start moving in the right direction.

http://www.stockchallenge.co.uk/ftse.php

They really need to clamp down on this as it's costing the SA economy billions in lost revenue.

https://www.miningweekly.com/article/at-least-r3bn-needed-to-upgrade-transnet-freight-rails-security-infrastructure-2022-02-16

It's up in the far North of Norway and it looks positively calm up there compared to the UK and they are due in the shelter of Ofotfjord shortly on the way to Narvick.

https://www.windy.com/?2022021709,65.091,7.998,4,m:fzxagw6

Last time was 3 and a half weeks from Twitter test pics to delivery, so are these not turning up till early March?

https://twitter.com/angusenergyplc/status/1493903986411274242?s=20&t=3Ir-u9mBWEdSugVO6Zi9JQ

https://www.marinetraffic.com/en/ais/home/centerx:12.3/centery:69.1/zoom:8

I'm here :-)

Spirt of Discovery is in the Azores:

https://www.marinetraffic.com/en/ais/home/centerx:-25.663/centery:37.738/zoom:17

Spirt of Adventure is in Norway

Looking forward to 23/03/22

Tanks described as "Condensate storage tank" previously (link below) but today described as "Water tanks" ??

https://twitter.com/angusenergyplc/status/1484125049908969473?s=20&t=4RTmpTyKV3Ln5wu-nA9A9g

Today's tanks certainly seem to be visually identical to the earlier set of tanks, shown on Twitter, to my eyes:

https://twitter.com/angusenergyplc/status/1493182229878558735?s=20&t=mRY8JgYTdHq4raJi8Xhi6g

https://twitter.com/angusenergyplc/status/1484488696128630787?s=20&t=mRY8JgYTdHq4raJi8Xhi6g

and there are four such tanks shown on the layout here:

https://www.angusenergy.co.uk/wp-content/uploads/2022/01/Site-component-deliveries.pdf