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16.0¢ universal coal plc

I think the current situation is absolutely ridiculous nine...

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25 Posts.

13/06/19

17:43

Post #: 39046476
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Originally posted by catch22: ↑

Sounds to me that negotiations are taking place to settle on a fair price. Could it be that the independent experts report due for release months ago came up with a valuation of more than .40 cents per share and our directors are negotiating for an increase over the non binding indicative offer of 40 cents. Such negotiations would take longer to complete. The other alternative is negotiations are taking place around an offer price of less than 40 cents. Such a scenario would also cause delays in arriving at an agreed price for putting to shareholders. Because of the lengthy delay in releasing the IER I tend to favour the former proposition.
What do posters think?

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I think the current situation is absolutely ridiculous nine weeks for due diligence is far too long with share price being eroded away when money could have been employed in other resource stocks like FMG, RIO or BHP.
The last quarters report was outstanding and I don't know why management are allowing for such delays to take place when even last valuation by PETRA CAPITAL was twice current price

UNV Price at posting: 31.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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