pursuit capital research report

The strong finish today on UNV may be explained by research report issued by Pursuit Capital. Key information:
- current valuation of 90c,
- significant upside from coking coal resource definition in next couple of months months,
- forecast attributable net profit for 30 June 2013 of $138m (would be happy with this as only relates to thermal coal!),
- proximity to other coal operations referring to possible JV development with Total on Kangala and Exxaro on Roodekop which could add real value (feel this would add great credibility to have these names involved) ,
- proven management team of creating value in SA

Feel this company really has the goods. Happy to put this in the drawer for a couple of years and watch it grow. Exciting year ahead as company pushes developments ahead. Liked that time tables looked to be getting shorter rather than typically delays which speaks volumes of management.