TK Journal 2021-01-20

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