Thungela - TGA

Are you guys still thinking this will go sub 900?
I saw it break below 1000p, to 950p.
If warmer weather would gey it down, I am waiting to buy..with that much divi.
What's others doing? Buying already?
Thanks G

Yeah twice a year and they promise to give profits back to share holders. If coal prices are down now they will rise again towards the colder months.

All
Just reading bit more
TGA is pure coal play
Plus heard they have huge dividend, like 300p+?

For real?

Plus death cross is looming on the share

Adding my charts too..

There has been some good recommendation today for this share with target of 1800p.


t added that the sudden change in coal pricing serves as a reminder of the unpredictability of the commodity market and the importance of monitoring trends closely. Investors and market participants should take note of the current pricing trends and adjust their portfolios accordingly.

Despite the challenges, the coal market offers many opportunities for those who understand its dynamics and can navigate the risks, Liberum said.

For those looking for equity exposure in the thermal coal market, Liberum suggests Glencore PLC (LSE:GLEN) (buy, target price 685p) and Thungela Resources Ltd (buy, target price 1895p).

I'm sitting on the fence right now, think if it doesn't hold 10 then will drop fast.
At the same time might just grab a few looking at chart doesn't say mu6unless it breaks either way.