I calc, ignoring some intangibles, the remaining net assets account for 59% of the current market cap.
Which indicates that future Relenza royalties, Lani deal and other pipelined projects are valued at around $80m.
But I think the real problem here is a big stink in the share register! Not much management can do about that unless they can get a fund to start buying up a stake.
what is the cash worth? i'll bid for the lot., page-2
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