roll up roll up, page-28

ASF,

I think your figures are out.

GRY 400m shares on issues. Market Cap of $146m at 36.5c

Cash remaining would now be approx $45m.
13% shareholding in TAW approx $2.5m
5% shareholding in PIR approx $21m
10% shareholding in RNS approx $3.5m

MC $146m
Total Cash and Investments $72m
EV is $74m

So approx cash and Invest is worth 18c per share
So approx EV is worth 18.5c per share
Total 36.5c per share

I am no accountant though.

Cheers
Sarge