Hi reheat89,It worth putting in your search engine( universal...

Hi reheat89,
It worth putting in your search engine( universal coal petra capital) to get the latest update which is very comprehensive
and also www.simplywallstreet.com.au and punch in UNV to get a better appreciation of the real valuation of Universal Coal.
At 33 cents this stock is a steal with a dividend this year of 9.09% and with a Non Binding conditional offer in the pipeline at $0.40 cents I would disregard the recent volatility.
If you read the article in this weekends financial review about the sell down of shares by Ichor Coal they had no choice and although they sold down at $0.315 cents they will pick up the $0.02 cent dividend in a few days