Ann: First Coal Sales Cash Flow Received , page-20

Totally agree about the register, the volume that is traded on UNV is minute and it never changes, so a hostile takeover is practically out of the window. The only way they could do it is get into the ear of some of the larger holders and buy them out off market, but even then these guys are holding from much higher levels.

The NCC thing is frustrating but purely down to confidentiality IMO, the approval will be the trigger for confidentiality being lifted and then we can move on.

It wouldn't surprise me if they have been working on the new NCC / Roodekoop mione plan (obviously can't spend huge $'s untils its signed sealed and delivered), but some of the in house planning work and initial discussions with banks could already be going ahead being as they have already disclosed the acquisition, the banks for example don't care about the price they paid, just the ability for them to repay the loan which Kangala will be giving them.

Wouldn't it be awesome, if they were to come out and state the acquisition is done for $x price, we have a capex budget of $xm, with a timeline of x months and the banking facilities have already been agreed, possibly as an extension to the Kangala facility. Surely if this happens sentiment has to grow?