UNV
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0.00% 16.0¢ universal coal plc

Ann: Placement , page-8

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  1. presto72
    3,245 Posts.
    lightbulb Created with Sketch. 370
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    17/07/12
    17:54
    Post #: 10446052
    refer early news release about minimum 50% bank debt ($25m)

    so we acutally need $10-12m J111....NOT $40m

    will $15m EBITDA be enough for continued exploration, interest and overhead...i think the answer is yes mate
    UNV Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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