Member Info for Hemmings8

Universal is trading where it is for a reason. Maybe you guys should have sold at 22c, as you seemingly know it all! Just a thought

63 ZAr so equivalent of 3.6p Someone happy keep paying offer. Breaking out on JSE

My view here is that we will announce another offer for Universal but will have the monies available to complete the deal. Last time we were reliant on Eskom deal, this time we were be in position to complete.

Yeah, I have $50/tonne too. They seem to think China may cut back production further so there may be some form of rebalancing Interesting to note that we settled UP on the JSE at equivalent of 3.14p. Volume in UK not huge, think retail punter lost patience. Not huge amount went through in afternoon. If there is conference call next week and there is a deal for cash generating asset in the offing then don't see us down here for too long with the underlying fundamental picture in coal market

Called company: There's a conference call at 10am SA time next Friday - details on their website; They hope to have cash generating investment nailed down by end of October. Thinking about it that would be good timing as will have to be approved at agm which is in November; Must have news on Makhado, Vele and Mooiplaats soon

20% spread as someone bailed.

What update are you expecting tomorrow? Think we get something on 30th. Seems to be London based retail community getting out. Someone was always going to hit that 3p bid at some point, prob someone who got long ahead of UC deal. There's been a few buyers around as well so not all one way

Amend and renew IWUL (November RNS) Once amended for stream, will make decision whether to start production there

Or get makhado approval and Chinese can finalise their investment

...as well as cash generating asset! Again before the end of the year

Yes, they believe they'll get Vele approval by end of year 568k gone through at 3.5p this morning which is encouraging

Decent buyers around at 3.25 level again. Worth a punt here

Agreed Jantand, but before any investment into Makhado they need to overturn the water license suspension. They also need to find a cash generating asset, and they, I am reliably informed, still talking to Universal.

A couple of 375k buys reported late.

If you read last quarterly update, they are very clear on what's going on. And they have $20m in bank. Also still in discussions for potential takeover of Universal.

Let's not forget Dukey's only here, in his own words, to deramp it so he can buy it, unfortunately he's a bit stooopid and can't even do that with any intelligence. Otherwise pretty difficult to explain why the twat's still here! Coal prices still going up: http://www.barchart.com/charts/futures/LVH17 Vele/Mooiplaats are in play, a cash generating asset, IWUL and we're in business or someone takes us over with further consolidation in S African mining sector.

Nice update. 31% reduction in CAPEX.

Funding was due to UC not having agreement with Eskom for NCC. They had rest funded. Lack of agreement was in original documentation. There was no point in going through with deal as this represented 30-40% of deal. Well done DB for not extending and potentially getting for lower. net cash flow for year was 1.7m Aussie dollars so let's not pretend funding was for Cza when evidently for UC, hence why UC share price collapsed

I guess they all want it like you Dukey. You're surprised people are still here and yet here you are, everyday without fail. If being here says a lot about them, what did it say about you? Oh yeah, I forgot.... "I'm interested in this share simply to get back in" Dukekyla, June 21

See what plan B is? If further consolidation in sector in SA then we might get taken out? If Chinese are investing $2.8bn then it's a gift for someone