"Universal Coal Plc (“Universal”) is pleased to announce that it has now executed a binding term sheet and MOU for a Coal Supply Agreement (CSA) with the major South African power utility, Eskom. It is expected that Universal will commence with mine development at Kangala in the 2nd half of 2012 and deliver the first saleable coal during the 2nd half of 2013."
What a pig of a company - just like that - pushed back another six months or more, as has already been stated.
UNV Price at posting:
9.3¢ Sentiment: None Disclosure: Held
