"Universal announced a 19.1 million tonne resource upgrade for its main project, Kangala, which now has a 124 million tonne JORC coal resource - 44.7 million tonnes measure, 4.4 million tonnes indicated and 74.9 million tonnes inferred"
Lots of broker write ups in the last month too.
"Tony Harwood (Universal Coal Director) presented to a packed room at Proactive Investors One-2-One event in Mayfair just last week. City broker Ambrian gave it a glowing write-up."
Stonebridge and BGF equties also have recent write ups on Universal Coal, with target prices of $1
The Stonebridge write up is on the unverisal coal website.
UNV Price at posting:
55.0¢ Sentiment: Buy Disclosure: Held
