UNV 0.00% 16.0¢ universal coal plc

Petra Capital Upgrades UNV, page-10

  1. 4,704 Posts.
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    I doubt it. I mean APP were paid for commissioning the reports werent' they? It would be great to get an independent report, but I guess at this end of town most coverage has to be initiated via the company's coin coffers.

    The first petra capital report from april that i linked said the same thing as the recent june one posted, in regards to adding 42c to the base case? Seems abit aggressive I thought.. i mean $0.50 plus another $0.40 is way in excess of the app securities base case, and in being 'grounded' abit of a fair distance off from 29c. I mean who doesn't want to see this at $0.90 but i am always cautious when things get all 'blue sky' and hotcopper is in full speed, usually abit telling of the opposite to soon occur.

    THe volume has been very light and goading towards $0.29, 0.295. Very low volume and the MACD is dangerously close to potentially reversing. Awaiting further volume to see if this indeed pushes onwards and upwards otherwise the risk is being caught out at these high prices when a reversal occurs. I mean it's still onwards and upwards in the long run but I am sure many of us are patient enough to see $0.26c again to top up prior to heading back up. I would just be happy with NBC and brakfontein's news, and collecting my 2c dividends until we can bump up earnings to support 3c and upwards divvies. Happy to hold on to that income stream now that it's there. IN the past patience was alot more difficult with nil income streams so I think we are in a good position as holders to not be too hasty.
 
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