we are currently getting the double whammy of rising export price and strong US dollar, i assumed that they would get the export dollars and convert it into ZAR,
i would presume that none gets converted into AUD apart from when they need it to pay dividends and listing fees etc,
its unusual to get a rising USD coupled with a rising price on the underlying commodity , but the whole conversation around coal has changed over the last year,
remember too , that the likely cashflow figure will be a lot stronger than the EBITDA figure, given that a lot of those expense are non cash items, also our BEE partner will have to pay back their loaned funds as well.
UNV Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
