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Why SA coal export prices haven't shot the lights out
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Why SA coal export prices haven't shot the lights out
SHARES in Thungela Resources have surged 80% in six months, driven mostly by the US/Israel attack on Iran in late February, which is when the coal miner’s valuation received its decisive upward push. Since then, the company’s share price has been volatile: it was the JSE’s best performer on Monday but shed 3% so far today. The fluctuating nature of newsflow from the Middle East is clearly creating trading opportunities as coal benefits from ener…
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