TGA at R101.08 trades at a meaningful discount to its thermal coal peer Exxaro on both P/E and dividend yie…by @julianreins_jse on $TGA

TGA at R101.08 trades at a meaningful discount to its thermal coal peer Exxaro on both P/E and dividend yield, which makes sense given Thungela's higher leverage and smaller scale, but the spread feels wide if you believe coal prices hold up through the cycle. The real question i