I think the energy market is still being far too bullish when it comes to the impact of the ongoing war between the US/Israel and Iran, and that the fallout from all of this is going to continue for far longer than is being priced in.
Although I follow the mining sector in general fairly closely, coal isn’t one of the commodities which has ever interested me that much, but despite that, I can see the appeal of Thungela Resources (TGA) at the moment.
Thungela Resources (TGA) has announced results for the first half of 2022, noting “profit for the reporting period of R9.6 billion in a volatile operating environment (H1 2021: R351 million)”. This has currently helped the shares up to around 1500p, so how does the value look now?
