Member Info for Tiger179

Well that's a new one! Looks like the SA exchange is the place to be!
Up 3.59% on the day R323.19 equal to £14.97.
So what do their London counterparts say? Down 5.2% equal to £14.58!

Just use daily live update.
https://www.cmegroup.com/markets/energy/coal/coal-api-4-fob-richards-bay-argus-mccloskey.html

It's the usual scenario of a small amount of shares with sell/buy cycles, that sharply affect the SP.
Mainly from those late into the stock on LSE.
Currently -1.89% on volume of 60k value £427k.
99.5% of all shares currently held.
All that despite futures hitting 250's!
But we will prevail!

What if you have shares in SIPP. Does CGT still apply?

Either some very clever short artists or a bunch of idiots who think holding a share for more than a minute is a long term investment!

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?

Australia's coal is on average high quality as a result of its low moisture and ash content, and high carbon content, compared with other countries

2 days of major gains! Not seen that for a while!
Futures next 3 months 219-220!

https://simplywall.st/stocks/za/energy/jse-tga/thungela-resources-shares/news/heres-why-we-think-thungela-resources-jsetga-is-well-worth-w

Think it was around 198 Friday?

Moving up now!

RB Coal over 200 today!

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".

Fall today. I don't think they realize Thungela is a SA Company.
Getting a bit confused with the UK Energy Windfall tax!

Got to 12.93 today then the usual small holding sell off! Why they don't hold is beyond me.
Even JSE up 3.37% £12.51.

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?

Same here re-invested £33k kept £90k back. Will re-buy before next divi.
Hopefully trading update after COP27 out of the way!

It's been pointed out before. Sell's being made by latecomers, with small volumes who bail out as soon as SP goes below what they paid.
SP being dictated by less than 1% of total shares that were released by AA.

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!