Universal Coal Share Discussion Threads

[crosseyed] 04/1/2011 19:06

kayaks,
Thanks for explaining that. I haven't kept up with broker actions :{
c

[roks] 04/1/2011 14:24

Just spoke to TDW, they say as UCL has de-listed I've lost all my shares....is that true?

[crosseyed] 04/1/2011 13:50

kayaks,
Thanks for your alert on the PPC thread.
Could you tell me, please, is one UCL share equivalent to one UNV share ?
Regards,
c

[kayaks] 04/1/2011 13:13

UCL/UNV now A$0.485c on ASX.

[robward] 01/1/2011 13:58

Good Evening All
I see that Universal are doing a presentation on 13th January 2011 in London, if I were in the U.K I would pop along. Hopefully the Presentation will be available on their website or Proactive website.



Best Wishes

Rob Ward

[johnthornleigh3] 30/12/2010 15:28

Thanks kayaks

[kayaks] 30/12/2010 14:54

see post 342 johnthorn

[robward] 30/12/2010 11:48

Dear All
The current share price is also listed on the Company Website, along with................



Best Wishes

Rob Ward

[johnthornleigh3] 30/12/2010 11:39

my holding of UCL was with III, who don't deal with Aussie stocks. My current stockbroker (HL) doesn't either.
Does anyone have any suggestions as to who to use for UNV?

TIA

[kayaks] 29/12/2010 11:55

now 43c on ASX code UNV, good rise.

[kayaks] 28/12/2010 15:18

UCL has tonnes of coking coal, this may be the best news ever.

Anglo American fights Rio Tinto in global race for coal reservesFast-growing Asian steel industry fuels bids for Australian mining group

The global battle for control of the world's natural resources flared again when it emerged that Anglo American could gatecrash Rio Tinto's plans to buy Riversdale Mining, the Australian coking coal group, for £2.5bn.

Headed by chief executive Cynthia Carroll and chairman Sir John Parker, Anglo has joined a list of possible counter-bidders for Riversdale, whose African business produces coal for the fast-growing Asian steel industry.

Evidence of the importance of coking coal to China surfaced recently when Riversdale signed an agreement with Wuhan Iron and Steel to jointly develop Riversdale's huge Zambeze coal reserves in Mozambique.
Sunday 26 December 2010.

[woodpecker25] 24/12/2010 08:26

According to HotCopper (Aussie share forum) there was a new broker note out today(by Stonebridge) saying an initial price target of 95c, with further massive upside from thereon.

Not seen the report so dyor, but may help explain the 16% rise in today's share price

[woodpecker25] 15/12/2010 10:53

Jerv,
UNV on the ASX

Closed today at A$0.28. IPO was at A$0.26.

[jervaulx] 14/12/2010 12:42

Hi Sagem - Has it now been listed in Oz and if so can you let me know the ticker - Thanks

[sagem] 09/12/2010 22:19

Listinmg on the Australian stock market on 10th December Australian time and day.....YOU CAN SEE WHATS HAPPENING ON THE OZ BULLETIN BOARD AS FOLLOWS ;-



Reg is free

[norm23] 08/11/2010 13:56

Hi Kayaks - why do you think it's been aborted? Where have you heard that?

[woodpecker25] 08/11/2010 11:15

Afraid not. Has it definately been aborted, or are they just struggling to find enough takers?

[jervaulx] 08/11/2010 10:54

Nor have I - Anyone know

[johnthornleigh3] 08/11/2010 10:41

I haven't been able to find anything on why float aborted

[kayaks] 05/11/2010 19:28

it would seem that UCL's promised float on ASX has come to nothing, again the investors have been royally screwed

[kayaks] 28/10/2010 16:20

By: Esmarie Swanepoel
20th October 2010
TEXT SIZE PERTH (miningweekly.com) – Emerging coal-miner Universal Coal on Wednesday opened its initial public offering (IPO) to raise up to A$20-million, before listing on the ASX.

The coal developer, which owns projects in South Africa, said that it expected to issue up to 76,9-million shares, at 26c a share, before the IPO closes on October 26.

Universal's IPO and share placement is intended to provide funds towards the start of initial mining at Kangala project, in the Witbank coalfields, the progressing of feasibility studies at Roodekop and Brakfontein, and completing further exploration at the company's coking coal projects.

The company has over 726-million tons of Joint Ore Reserves Committee-compliant coal resources across the Kangala, Roodekop and Brakfontein thermal coal projects and the Berenice and Somerville coking coal projects, with a combined total exploration target of over one-billion tons of coal.

Universal was recently granted a mining right over the Kangala project and intends to start mining in early 2011. The A$12,5-million Kangala mine would produce three-million tons a year of domestic grade thermal coal.

Universal's production would be increased to six-million tons a year within three years, as the company's Roodekop and Brakfontein mines became operational.

[woodpecker25] 26/10/2010 16:31

Is tomorrow going to be the big day?!