I'd be smiling if it reached its fair value of $0.37, but isn't this subjective to what you've inputted into this calculator? NEver seen it before.. or is it based off some more factual /objective measures?
We know off the takeover price and independent expert report that give or take the argument somet hings aren't valued into their IER valuation, that this is worth somewhere above $0.25 up to was ot $0.30? or $0.32?
I think the coal prices would have been alot lower used in the estimates given it was end of 2015.... so arguably we may indeed be above $0.32 now value.
Plus Brakfontein's IWUL water license hitting suddenly, things have suddenly gone into overgear.
I don't think many have noticed and are chasing the small <20 mill market cap coal stocks for some quick bags. Longer term holders and those in the medium term will slowly take notice of the production profile coming together at UNV. The longer it takes the more time to accumulate money for more shares I guess :D I can't argue with that haha.
Just need to know a) where the offtake for Brakfontein is going. If Eskom then will be abit worried about delays tto a CSA and b) NCC's 2mtpa offtake, still needs finalisation. Again, if this can't be bedded down I don't like Brakfontein's chances anytime soon.
Still more hope in eventually getting something over the lines with Eskom than not having the IWUL and waiting. Maybe with cashflow they can start mine development of Brakfontein and be abit bold without having the offtake in place yet. It would mean lead times will be alot shorter at least. Abit of risk if production/sales don't eventuate, but one i'd rather take than not.
UNV Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
