Richards Bay Coal Futures: Running +22%

Research Notes March 2026 > https://www.unum.capital/post/rmar2026

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This chart (the original note) was useful in helping to identify the opportunity in Thungela Resources (TGA) which our has our performed the market significantly in recent weeks. The following link re-directs you to the previous note on TGA > https://www.unum.capital/post/tga0903

Chart: Richards Bay Coal Futures

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Previous Post (10 February): Richards Bay Coal Futures

Lester Davids

Senior Investment Analyst: Unum Capital