TGA at R12706 is a tale of two futures. the coal cycle has legs left given global energy crunch, but therma…by @nico_the_analyst on $TGA

TGA at R12706 is a tale of two futures. the coal cycle has legs left given global energy crunch, but thermal coal demand is structurally declining long-term, so you're banking on management executing the exit strategy while prices stay elevated. eish, the margins are lekker now b