Member Info for steven49

Got complacent, not adapt too changing times, saying that last results interims looked promising, director buying, trading update April,

Been tempted add but bit spooked be honest, think il wait 4 FS release, may be too late then add as could move fast if markets like.

Guessing same seller been dumping 4 some time, as u say strange time be selling unless they no something, or believe in this environment will not get into funding /production.

500000 selling again

Banging sells out, sub penny coming, tad worrying coming up FS, massively over due, difficult market conditions, copper yet take off, disapointing data of late out from China, biggest consumer copper, no many have written this off, but still think slim chance could get this into production remember just starter project. Too finance rest.

Long over due placing at 17p, at least there now financialy good now, will look add on any real weakness.

Still sells, all no hardly much trade keeping share price low, will go 4 next week FS release all guess work, markets not buying into FS, new deposits r needed and getting hard find as many existing pits r waning, plenty copper needed batteries pipes, green energy ect.

Difficult gauge when click into production, his not committing his self of when goes into production but hazard guess mayb earliest.

Home Top Story
Thungela cuts coal sales forecast, goes cautious on dividends amid “heightened” Transnet risk
By David McKay -Mar 27, 2023

July Ndlovu, CEO, Thungela Resources

THUNGELA Resources reduced prodution guidance for 2023 thermal coal exports as it prepared for another wretched performance from South Africa’s government-owned rail and ports company, Transnet.

Deliveries of coal for export to Richards Bay fell to 50.43 million tons (Mt) in 2022 – its lowest in 30 years owing to incidents of theft and vandalism and operating inefficiencies. The ‘tempo’ (annualised tonnage) year-to-date is about 44Mt although there has been an improvement in March.

Transnet’s problems also partly precipitated an adjustment in Thungela’s liquidity provisioning. Whereas the company said R5bn to R6bn was sufficient to tide it through low coal price periods, that ‘buffer’ was increased to R8bn this year.

His now under 3% asume his out too sell all of his holding, unsure why, frustrated at time taken too seal deal and oil falling.

The Company is currently preparing its unaudited interim results for the six months ended 31 December 2022, which it expects to publish no later than 31 March 2023.

Which in result will lead lower dividend some of there mines old life span max 10 years, again just guess work of why drop

these profits aren’t sustainable and are expected to fall sharply at some point I think may b reason 4 drop

Net cash £662m £1.80 divided per share

This new investor been brought on board 4 kzg as have some investments 4 kzg invest in, listen too interview will introduce further projects 4 kzg too invest in, no shorthand this time 56.

Along with release of FS very soon

Issuance of the provisional license converting BKM's forestry concession area to the mining operational area. Several key conditions required to convert this permit from provisional to definitive have been completed with only one aspect remaining outstanding. Finalisation of the requirements for converting this permit are expected to be completed by the end of Q1, 2023 for final submission to the Ministry of Forestry.

Full year results next week sept31st

Loss making, will look raise further in coming months

Align done well get out 1.5p nice profit 4 them much there holding purchased penny and below lot warrants at penny iv noticed looking back.