UNV 0.00% 16.0¢ universal coal plc

Ive been reading a bit about the deal between Coal India and the...

  1. 932 Posts.
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    Ive been reading a bit about the deal between Coal India and the Limpopo Governments resource company Corridor Resources, they are going into a JV to develop coal assets in the region but neither party has the rights over properties.
    Coal India have $ 817 million they need to spend by March this year. The timing of this deal and the current media speculation surrounding UNV and Berenice is too coincidental imo

    And I do feel the media speculation is only regarding Berenice based on how the company release was worded ie it referred specifically to the coking assets

    my suspicions are aroused to say the least

    http://www.fin24.com/Companies/Mining/Limpopo-coal-deal-under-scrutiny-20120129
 
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