TNGRF / Thungela Resources: Huge Dividends, But Wait For Coal To Bottom

A tactical bet on Thungela Resources Limited's stock might yield significant returns. Key metrics imply that coal prices have overshot to the downside more_horizontal

Thungela Resources Limited (OTCPK:TNGRF) Q2 2023 Earnings Conference Call August 21, 2023 6:00 AM ET Company Participants Ryan Africa - Head of Invest more_horizontal

Thungela Resources is a South African coal miner. The company has a very good balance sheet, and the significantly lower EPS this year seems to be alr more_horizontal

Thungela Resources Limited (LSE:TGA) said it has entered into agreements to acquire a controlling interest in the Ensham coal mine, located within t more_horizontal

Thungela's share price has declined sharply, following thermal coal prices. Despite temporary headwinds, the company is extremely cheap, even at $135 more_horizontal

Production and sales volumes have both been severely hampered by Transnet reduced performance. This has led to a further downward revision of guidance more_horizontal

Thungela Resources is a cheap cash machine. Even after a 50% decline in coal prices, Thungela Resources Limited can produce a free cash flow in excess more_horizontal

Thungela Resources Limited, the company spun out of Anglo American, has been the subject of an unusual attempted scam. The company issued a warning to more_horizontal