I was reading this article by Tim Treadgold in the Eureka Report today and it alerted me to check on the thermal coal price in Indexmundi. Like a lot of other commodities, coal is now in a 3 point uptrend. So, I reviewed the watchlist for energy and materials companies (Column C, Industry group in the Master Spreadsheet) and discovered the following:

NGE Capital (NGE) is now a Buy with a QAV score of 0.31. Note the NGE is a LIC investing in resource companies and that it is a smallcap stock with an average daily trade value of $3,893.

Yancoal (YAL) is a Buy with a QAV score of .30. Note that I checked and changed the qualified audit flag to No in the Manually entered data spreadsheet for YAL and the recent upturn to blank after reviewing the latest reports. There is a key audit matter relating to a large outstanding debt, but the auditors have signed off. Yancoal, although a large company, has an average daily traded amount of $94,000.

Grand Gulf Energy (GGE) is now a Buy with a QAV score of 0.14. Again, the Qualified Audit flag was changed to No after reviewing the annual report. I am not sure why this was set to Yes previously and may have been a data entry error in the spreadsheet. GGE is a small-cap oil company operating in the US with an ADT of $5,175.

I am watching New Hope Coal (NHC) which has a recent Buy upturn, but is technically in a Sell position at the moment. I think it will reverse this when we have another data point at the end of the month, so I will watch.

Australis Oil and Gas (ATS) is now a Buy with a QAV score of 0.10.

Kingrose Mining (KRM) is back on the Buy List with a recent stock price upturn and a QAV score of 0.58.

Essential Metals (ESS) enters the Buy List with a QAV score of 0.14. Note, that this company only has 2 points to base a trend line upturn on, so I will have to watch the month endpoint to confirm this uptrend.

OM Holdings (OMH) enters the Buy List with a QAV score of 0.10.

Aeris Resouces (AIS) enters the Buy list with a QAV score of 0.12.

So, quite an interesting article that prompted this review.

Regards, Tony

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