UNV 0.00% 16.0¢ universal coal plc

Ann: Indicative Non-binding Proposal - Scheme of Arrangement, page-19

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    UNV could just take a loan and do a stock buy back at 36 for their shares.

    That’s an instant return on investment of 25%, wouldn’t be hard to get a 40 million loan when you’re making 45 million a year.
 
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Currently unlisted public company.

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