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.
UNV Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held