Universal Coal Share Discussion Threads

[kayaks] 29/7/2010 17:21

robward thanks for the info, how would this affect existing shareholders do you know? I first invested in them when they were SCR.

[robward] 22/7/2010 10:54

Hi Everybody
Looks like we may be listing in Australia..



Regards

Rob

[recommended] 11/6/2010 14:41

This may help

[nightmare trader] 23/3/2010 14:57

Any more news on this bad boy? Do we know when it is likely to be relisted? Had quite a few SCR shares and now not so many UCL!

[r32tim] 02/3/2010 20:57

they are one in the same...

[robo63] 25/2/2010 07:20

Is SCR in someway connected to this company?

[woodpecker25] 18/2/2010 09:06

Thanks Robward...

Looking to get funding prior to re-listing on AIM (plus dual listing on JSE) in 2Q10 ...in time for the start of production.

Could be an exciting few months.

GLA

[robward] 17/2/2010 23:34

Hi All
Loads of information on the website....Presentation and a sort of Broker Research implying a price target of £1.27. Interesting times ahead.

Regards

Rob

[kayaks] 21/1/2010 16:34

Thanks eibbor you are right, my mistake 10 to 1.

[holidayhome] 21/1/2010 08:43

Any idea when they are going to list or what the next steps are?

[eibbor] 20/1/2010 17:06

it was 10 to 1 kayaks, either you had a few more to start with or your broker likes you!

of course they are now 'worth' 10 times as much

hidden away on the website - notice of AGM 2009




3.1 Background for Share Consolidation
The Board considers that it is desirable to consolidate the Existing Ordinary Shares as this should assist in reducing the volatility in the Company's share price if the Company becomes listed on AIM, enabling a more consistent valuation of the Company. With shares of low denominations and the levels of trading, small absolute movements in the share price can represent large percentage movements resulting in volatility. The Board also believes that the bid-offer spread on shares priced at low absolute levels can be disproportionate to the share price, to the detriment of Shareholders.

[kayaks] 19/1/2010 17:11

Last week I received a letter from my broker informing me that my UCL shares have been diluted by a factor of six ie instead of 60,000 shares I now have 10,000. Has anyone else received letters like this and why is there no mention of this on the UCL werbsite?

[choppa] 20/12/2009 06:09

You'll be paying for those biscuits!

[andy] 19/12/2009 21:30

Actually,

If I hit the sales down Jermyn Street on that day, I may pop in for coffee and biscuits!

[andy] 19/12/2009 21:28

Nice!

Can't accuse them of discouraging attendance can we! :-)

A notice of an Annual General Meeting of the Company to be held at Princes House, 38 Jermyn Street, London SW1Y 6DN on 31 December 2009 at 1.00 pm

[davethechef] 19/12/2009 20:56

There's an AGM scheduled for 31st December in London, hmmmm..

[robward] 19/12/2009 20:48

Interesting..Results for Y/E June 2009

[robward] 24/6/2009 18:38

Here is some more information from their website

[jervaulx] 17/4/2009 17:04

Anyone know when UCL intends to relist?

[jonno1] 14/4/2009 19:23

is this suspended, dead, or what?, could someone clarify, thanks in advance

[sagem] 23/11/2008 08:34

Well here we are some more info for interest, WE NEED TO KNOW AS MUCH AS WE CAN WHEN THEY RE-LIST WHICH IS VERY SOON :-

01 May 2008
Highlights

* Shallow, largely open pittable predominantly domestic grade thermal coal resources, as well as some export grade thermal coal.
* 112Mt gross in-situ tonnes of which 87Mt is currently at JORC inferred category, 70.5% to be attributed to South China Resources PLC
* Adjacent to several power stations for mine gate sales to ESKOM
* Rail, road, power and water infrastructure less than 1000 meters away
* Raw coal qualities meet ESKOM guidelines with strong domestic prices
* Management and development team to join Board/Company with extensive local coal mining experience
* Plan to advance toward production through completion of Bankable Feasibility Study as soon as is practicable
* Strong BEE partner with extensive project pipeline in Southern Africa
* Raising up to GBP 4m to fund purchase and project development
* Name change to Universal Coal PLC and reverse takeover triggered

South China Resources plc ("The Company" or "SCR") announces that its 100% owned South African subsidiary will acquire 70.5% of the Elof prospecting rights from Injula Mining Operations Pty Ltd.

This transaction is a reverse takeover under the AIM Rules and is subject to shareholder approval. Consequently, SCR's shares have been suspended from trading on AIM until an admission document is posted to shareholders. Approval will also require Ministerial consent to and registration of the transfer by the Department of Minerals and Energy as well as South African Reserve Bank approval.

The Company is in receipt of an Independent Competent Persons Report ("CPR") report on The Elof Coal Project in South Africa ("the Project" or "Elof")., which was completed by global mining consultancy RSG Global Coffey Mining (S.A.) Pty Ltd ("RSG Coffey").
About the Elof Coal Project

Located in the Witbank Coal Field some 65km E of Johannesburg, the Elof Coal Project, which comprises the Middelbult, Wolvenfontein and Modderfontein areas, contains ESKOM quality domestic thermal coal suitable for power generation. The project is located proximal to several coal-fired power stations and has road, rail and power infrastructure running within 1000 meters of the project.

The Witbank Coal Field is economically the most important in South Africa and of the 5 defined coal seams exploited in the Witbank Coal Field, the Elof Coal Project contains an abundance of Seam 2 and Seam 4 which are the most widely exploited coal types, primarily used for domestic and export thermal product. The Project does contain some potentially economically exploitable Seam 5, which is generally classified as high-grade blending coking coal.

The Elof Coal Project consist of a group of 3 granted prospecting rights that together form one contiguous area. These rights are as follows: (588/2006 – Portions 40 & 82 of the farm Middelbult No 235 IR, 654/2006 – Portions 1 & RE of the farm Wolvenfontein 244 IR and 93/2007 - Portion 1 of the farm Modderfontein 236 IR).
Elof Coal Project Resources as calculated by RSG Coffey are as follows: Area Gross In situ t Mineable In-situ t Classification Gross in Situ t to Company (70.5%) Mineable in Situ t to Company (70.5%)
Middelbult JORC
Seam 2 12,226,777 8,681,000 Inferred 8,619,877 6,120,105
Seam 4 25,208,352 17,900,000 Inferred 17,771,888 12,619,500
Total 37,435,129 26,581,000 Inferred 26,391,765 18,739,605

Wolvenfontein JORC
Seam 2 1,138,000 808,000 Indicated 802,290 569,640
Seam 4 49,232,000 34,955,000 Inferred 34,708,560 24,643,275
Total 50,370,000 35,763,000 Inferred 35,510,850 25,212,915
Total JORC 87,805,129 62,344,000 Inferred 61,902,615 43,952,520

Modderfontein SAMREC
Seam 2 9,949,000 7,064,000 Reconnaissance 7,014,045 4,980,120
Seam 4 8,672,000 6,157,000 Reconnaissance 6,113,760 4,340,685
Seam 5 5,638,000 4,003,000 Reconnaissance 3,974,790 2,822,115
Total SAMREC 24,259,000 17,224,000 Reconnaissance 17,102,595 12,142,920

Grand Total 112,064,129 79,568,000 JORC + SAMREC 79,005,210 56,095,440

The Company intends to rapidly advance the JORC inferred resources at Middelbult and Wolvenfontein to JORC measured category with a view to establishing open pit mining operations at Elof as soon as is practicable. The Company also intends to advance resources at Modderfontein to JORC inferred category as soon as is practicable.
The Transaction

The Company will acquire a 70.5% interest in the Elof Coal Project. As consideration the Company intends to issue to the shareholders of Injula Mining Operations a total of 107,000,000 ordinary shares in the Company. On the basis of 2.39p per share (being the closing mid-market price on 30 April 2007) this represents consideration of GBP 2,557,300.

In addition to the consideration paid to Injula the Company has entered into a Facilitation Agreement by which the Company will issue 30,000,000 shares in the Company by way of an introduction fee to Maclure Capital Limited. The Company will also pay Black Economic Empowerment ("BEE") reorganization costs of 6 Million Rand (approximately £400,000) in cash and issue 15,060,000 shares in the Company to the outgoing BEE partner in the Project.

The consideration for the Acquisition, Facilitation Agreement and BEE reorganization cost are only payable upon successful re-admission.
Following completion of the transaction the capital structure is expected to be as follows: Shareholder Shares On Issue Equity
SCR Shareholders 161,500,009 31.45%
Injula Vendors 107,000,000 20.83%
Facilitation Fee 30,000,000 5.84%
Capital raising (estimated) 200,000,000 38.94%
BEE reorganization 15,060,000 2.93%
Total 513,560,009 100.00%

Injula Mining Operations is an active participant in the South African coal mining industry and amongst other activities, owns and operates a sizable contract coal mining fleet. Injula is currently a contract miner for Anglo Coal elsewhere in South Africa. It is proposed that key individuals from Injula Mining Operations will join both the Board and Executive Team to advance these projects.

The Company intends to re-name itself as Universal Coal PLC to better reflect its future business.

South China Resources is also pleased to report that it is in advanced negotiation with other holders of South African mining assets and hopes to be able to update the market as to these transactions shortly.

[sagem] 21/11/2008 11:17

FOR INTEREST..........

South China Res PLC - Proposed Acquisition
AFX CNF

1 May 2008-South China Resources PLC to purchase 70.5% beneficial interest in Elof open pit coal project near Johannesburg Proposed name change to Universal Coal PLC

Highlights
Elof Project from Injula Mining Operations. On 6 August 2008, a further announcement detailed that
* Shallow, largely open pittable predominantly domestic grade thermal coal resources, as well as some export grade thermal coal.

* 112Mt gross in-situ tonnes of which 87Mt is currently at JORC inferred category, 70.5% to be attributed to South China Resources PLC

* Adjacent to several power stations for mine gate sales to ESKOM

* Rail, road, power and water infrastructure less than 1000 meters away

* Raw coal qualities meet ESKOM guidelines with strong domestic prices

* Management and development team to join Board/Company with extensive
local coal mining experience

* Plan to advance toward production through completion of Bankable
Feasibility Study as soon as is practicable

* Strong BEE partner with extensive project pipeline in Southern Africa

* Raising up to GBP 4m to fund purchase and project development

* Name change to Universal Coal PLC and reverse takeover triggered

South China Resources plc ('The Company' or 'SCR') announces that its 100% owned South African subsidiary will acquire 70.5% of the El of prospecting rights from Injula Mining Operations Pty Ltd.

This transaction is a reverse takeover under the AIM Rules and is subject to shareholder approval. Consequently, SCR's shares have been suspended from trading on AIM until an admission document is posted to shareholders. Approval will also require Ministerial consent to and registration of the transfer by the Department of Minerals and Energy as well as South African Reserve Bank approval.

The Company is in receipt of an Independent Competent Persons Report ('CPR') report on The Elof Coal Project in South Africa ('the Project' or 'Elof')., which was completed by global mining consultancy RSG Global Coffey Mining (S.A.) Pty Ltd ('RSG Coffey').

About the Elof Coal Project

Located in the Witbank Coal Field some 65km E of Johannesburg, the Elof Coal Project, which comprises the Middelbult, Wolvenfontein and Modderfontein areas, contains ESKOM quality domestic thermal coal suitable for power generation. The project is located proximal to several coal-fired power stations and has road, rail and power infrastructure running within 1000 meters of the project.

The Witbank Coal Field is economically the most important in South Africa and of the 5 defined coal seams exploited in the Witbank Coal Field, the Elof Coal Project contains an abundance of Seam 2 and Seam 4 which are the most widely exploited coal types, primarily used for domestic and export thermal product.

The Project does contain some potentially economically exploitable Seam 5, which is generally classified as high-grade blending coking coal.


The Company intends to rapidly advance the JORC inferred resources at Middelbult and Wolvenfontein to JORC measured category with a view to establishing open pit mining operations at Elof as soon as is practicable. The Company also intends to advance resources at Modderfontein to JORC inferred category as soon as is practicable.

The Transaction

The Company will acquire a 70.5% interest in the Elof Coal Project. As consideration the Company intends to issue to the shareholders of Injula Mining Operations a total of 107,000,000 ordinary shares in the Company. On the basis of 2.39p per share (being the closing mid-market price on 30 April 2007) this represents consideration of GBP 2,557,300.

In addition to the consideration paid to Injula the Company has entered into a Facilitation Agreement by which the Company will issue 30,000,000 shares in the Company by way of an introduction fee to Maclure Capital Limited. The Company will also pay Black Economic Empowerment ('BEE') reorganization costs of 6 Million Rand (approximately #400,000) in cash and issue 15,060,000 shares in the Company to the outgoing BEE partner in the Project.

The consideration for the Acquisition, Facilitation Agreement and BEE reorganization cost are only payable upon successful re-admission.

Injula Mining Operations is an active participant in the South African coal mining industry and amongst other activities, owns and operates a sizable contract coal mining fleet. Injula is currently a contract miner for Anglo Coal elsewhere in South Africa. It is proposed that key individuals from Injula Mining Operations will join both the Board and Executive Team to advance these projects.

The Company intends to re-name itself as Universal Coal PLC to better
reflect its future business.

South China Resources is also pleased to report that it is in advanced
negotiation with other holders of South African mining assets and hopes to be able to update the market as to these transactions shortly.