Luke Cummings

Ata Resources returned to Universal Coal (UNV.ASX) last week, not only stepping up its offer to binding (something we always love to see) but also provided colour around its ability to finance its proposal. The message was clear; the intent to acquire the business is real and Ata is willing... Show More

Luke Cummings

Yesterday morning, Universal Coal (UNV.ASX) announced receipt of an indicative, non-binding acquisition proposal at $0.35 per share from Ata Resources Pty Ltd. Given the conditional non-binding nature of the bid, it is not quite yet the asymmetric arbitrage opportunity that we would normally trade with conviction. Somewhat fortunately for us... Show More

Mark Gordon

Strong investor interest has continued in the junior and mid-cap resources stocks through 2017. Despite a relatively flat first half of the year, the second half has seen a 20-30% increase in the relevant ASX indices on the back of steadily improving metals prices, particularly in the base and battery... Show More