UNV 0.00% 16.0¢ universal coal plc

Petra Capital Upgrades UNV, page-3

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    are you saying 56c base case, add 4.2c for those offtakes etc? Because the way i read that is your saying 56c + 42c = 98cents. haha while I wish that were the case I know there's no way in hell that's happening anytime soon haha. Maybe if we had a higher proportion of export thermal coal and spot market exposure then the sky would be the limit (I.e. WHC), but with a large proportion of domestic coal still we will always be tied to a certain range. But of course upwards api4 prices continue to add millions to the bottom line which can still mean the difference in another 0.5c or more to the base case 1c dividend each half year.
 
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