Herald Sun article - spec buy

"Another interesting coal play is Universal Coal, which has proven it can bring mines into production quickly and cheaply. Its Kangala mine in South Africa has turned cash flow positive to the tune of $9.6 million in the past six months and its combined New Clydesdale Colliery and Roodekop deposit are being developed for first production next year.
Unlike Australia, South Africa is short of electricity, and power generator Eskom is keen to soak up supply from new mines, plus export markets are also healthy.
With funding already in place for expansion and a clear vision of becoming a mid-tier, multi-mine producer, Universal looks cheap, so the speculative buy call is maintained."