re: Ann: Universal Coal commences first sales...
"we look foward to delivering steady and strong cashflow for the next decade to come".I like that quote from the ceo.I also like the fact that higher value export sales will also occure by july(not far away) when 100,000 tonnes of higher grade coal will be exported.At the current spot price,that 100,000 tonnes will generate around an extra $8 million on top of our Eskom revenue.And remember,kangala can be easily scaled up from 2mtpa to 3.5tpa for minimal cost in future to generate even greater revenue.News to follow during the quarter regarding the NCC/Roodekop deal was also mentioned,and the details of that deal may be the catalyst for the next leg up for the sp,if the terms of the deal are favourable.
UNV Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held