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Thungela Resources is experiencing a high-volume move post-earnings, with a bullish outlook based on cycle analysis and a broken downtrend. The discussion focuses on fundamental and technical factors.
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Picked up $TGA.L $TNGRF Thungela Resources with a strong high volume move post earnings. #Coal beta with shitco torque. Got my attention in Dec when broke 3.5Y downtrend likely leaving 4-5Y cycle low behind us -Cycles analysis identical to WHC BTU Coal below: 40W likely in place
RT @Namzes_G: Picked up $TGA.L $TNGRF Thungela Resources with a strong high volume move post earnings. #Coal beta with shitco torque. Got m…
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Facts and opinions separated · All items sourced · Not investment advice
A South African coal miner digging up thermal coal from seven Mpumalanga pits and shipping it to power plants across India, Asia, the Middle East, and North Africa. Think of it as a giant shovel-and-train operation feeding the world's electricity grids.
Money comes from selling thermal coal, with gross margins swinging wildly—57% in 2024 but just 22% in the latest TTM, and net income flipped to a ZAR 7.04B loss in 2025. It's a commodity price-taker, not a recurring-revenue business.
No real moat: coal is a fungible commodity, and buyers can switch to Glencore, Anglo American, or BHP for the same product. The only edge is its South African rail and port access, but that's logistical, not defensible.
