https://uk.sports.yahoo.com/news/institutions-own-35-thungela-resources-104853016.html
Currently in the red!
Has been good news all round.
RB futures up to 228-230 next 3 months.
Sell off again!
Why do they never learn?
Phasing out all fossil fuels
The final discussions at COP26 in Glasgow last year almost fell apart on the issue of coal.
Richer countries wanted to phase out the use of the most polluting fossil fuel.
Larger developing economies including India and China did not.
They have now settled on "phasing down" rather than "phasing out".
This came out on 12th November, highlights huge gains but adds negative ashes remake as usual! Still upbeat going into next year!
https://www.thisismoney.co.uk/money/markets/article-11420207/King-Coal-burns-bright-Anglo-American-spin-soars.html
Have asked Thungela for domestic sales & export sales percentages for this year.
2021 46% domestic, 54% exported.
Largest export market shown as India 17%, followed by China, ****stan, Bangladesh, and Vietnam.
No mention of Europe?
What makes me laugh is where do investors think they will get a better return? A 3% savings account?
Crypto (Joke)? The UK economy? Tech? Tesla down 68% on my watchlist started at beginning of year!
Even reducing coal price will give a good return!
All good advice. You either still believe in the stock long term, or sell whenever there is bad news.
Less than half a % of the total allocation is currently being traded, which means the majority is held by Pension Funds, Corporate Investors, and individual Investors.
As I've said on here before, if there is anything better out there then go for it.
???????? ! Up to 240 DEC!
https://www.cmegroup.com/markets/energy/coal/coal-api-4-fob-richards-bay-argus-mccloskey.html
Don't worry Xmas is coming.
Oil rising again!
COP26 as usual, a load of hot air! They all talk the talk, but when it comes to national interest they never walk the walk!
Gas will follow!
https://www.industryandenergy.eu/oilgas/natural-gas-prices-to-rise-through-2023-as-russia-cuts-european-supplies/