Hold on all is not lost. Now perhaps it can turn into a better deal as it would have been no good to have gotten Universal without the Eskom connection and they can now rethink the deal or find something better. The Chinese are going to spend R40 billion in a project in the Musina/Makhado area which may have a spin off for Coal in the long run.
sure it allowed .. the key give away was a few years back when they had some exciting new project that would cost USDbilllions and they had some feasibility project but it was not SAMREC compliant .. so was totally meaningless and of no use for raising the money they needed ..
Why all the complaints? Since Apr 2015 to date the share price has risen 200%. If the share was traded correctly you could have doubled that amount. I don't think this is a bad return on capital if compared to any other asset. The only thing it is very nerve racking and may not be suitable for a short term outlook. A five year plan or you must trade it or leave alone until suitable trend develops.