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home / news releases / thungela let s have a nudge

TNGRF - Thungela: Let's Have A Nudge?

Thungela Resources

2024-06-30 11:39:33 ET

Summary

  • We think Thungela Resources Limited's systematic headwinds are baked into its stock price.
  • Investors might shift their focus to the firm's nimble execution and alluring price multiples.
  • Thungela forecasts lower FOB rates and higher South African production. Although we foresee a few challenges, we concur with the firm's outlook.
  • Despite being a risky bet, Thungela's stock can be exceptionally rewarding.

We wanted to revert to our stance on Thungela Resources Limited ( TNGRF ) , a highly volatile coal miner that often has investors on the edge of their seats. Thungela has experienced numerous event-driven activities since our latest coverage in March, during which we downgraded the stock based on seasonality. ...

For further details see:

Thungela: Let's Have A Nudge?
Stock Information
Company Name: Thungela Resources
Stock Symbol: TNGRF
Market: OTC
Website: thungela.com
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