UNV universal coal plc

$2.9m takeover related costs for the year per the cashflow...

  1. 4,725 Posts.
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    $2.9m takeover related costs for the year per the cashflow statement that was wasted down the drain by these muppets leading us in circles.

    8 months of wasted opportunities, time and angst, not to mention frustration.

    I doubt they'll be coming back if we get a CSA with Eskom - becuase they won't be able to afford it. They certianly won't be getting another 20 cent deal that's for sure, and there certainly better be penalties and clauses this time by UNV management for any suitor, so we don't get the run around again with any consequences.

    Be keen to hear what eventuates from septa, but I'm disappointed there isn't any break fees or anything to show for $2.9m down the drain.

    Quite a large chunk of money that disappeared out of our pocket when you consider what our cash balance was at the end of quarter. Not impressed with CZA is an understatement.
 
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Currently unlisted public company.

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