no matter what else THX have on the go or not the fact remains that their holding in umc, for which they could well attract a premoum in the future, is this morning worth $47,800,000; compared to their value on asx this morning of $44,460,00.
You dont need to be a rocket scientist, or even a lowly broker, to work out that there is a compelling value story unfolding here.
ie: We pay you $3.5million and could you pleeeeeease take our $10m cash, our producing nickel mine share, our Uranium leases and 3000skm of base metal exploration leases ??? !!!
Obviously wider issues at play here. Im still buying when i can.
u308, page-25
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