So the state of affairs as of today8 Jul 2016 12:48
We have control over 94% of UC, UC have not signed a deal with Eskom, NCC can not be mined without a signed deal, this was expected early 2016, no funding available for working capital...and people are suggesting the deal is possibly off...?
Coal prices have increased maybe this is why UC is attempting to renege on the deal. I do hope we have compensation clauses written into the offer document