UNV 0.00% 16.0¢ universal coal plc

Noticed that Hunnu Coal had a positive broker recommendation in...

  1. 204 Posts.
    Noticed that Hunnu Coal had a positive broker recommendation in Friday's Fin Review. According to their web site, or what I could make out, they have about 777 million tonnes of JORC compliant coal spread across a number of projects.
    I was just wondering why, with 200+ million shares, compared to UNV's 158 million, they are trading at 4 times UNV's share price at the moment. I imagine there's any number of reasons for this, but was wondering if someone could enlighten me. It seems that UNV is grossly undervalued.
 
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