coal sale still on .... and ubs is still there, page-29

That update on Reuters 2day indicates that Linc r bullish abt both the deals going ahead.

Here's the link to that Reuters update.

Also revisited an old article frm the Economic Times (dt 15th July), it mentions an initial tranche of $435mil 2b paid to Linc out of $1 bil. Here's the ET story

Also in their 6th May mkt update, Linc had mentioned that UBS had reported an increase in interest in 'Teresa' sale frm various parties. Am not sure how much UBS would b charging for the roadshows etc.

Since May, we've had a new PM, a revised MRRT, increase in coal prices, a stronger Aussie dollar, Adani raising US$850 to insto's & PB's chat on boardroom radio. Seems like its all coming together.