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42.5¢ unity pacific group

Ahem. Although admittedly I was off by a few months... Current...

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friendlydwarves

3,398 Posts.

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17/06/16

18:34

Post #: 18060509
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Originally posted by friendlydwarves ↑

Cash + 308 Queen - net debt = 76cps if they sell 308 for 30 June val. M3 valuers generally pretty conservative and cap rate of 7.81% reflects that, so $34m seems pretty light. If they get 308 away for $38m, which in my view is a good chance, that adds another 10cps again. Tax not an issue because they have capital losses of $22.1m to offset the gain. Seems a no brainer at current prices because you will get your investment back within six months and then get the rest of the business for free.

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Ahem. Although admittedly I was off by a few months...

Current NTA approx $1.23 vs last trade $1.09. 80cps to come back in five weeks so you're really paying 29c for 43c of assets that they've already said they plan to sell, PLUS there's the corporate shell. And yet some people still want to gamble on lithium this and graphite that.

UPG Price at posting: $1.09 Sentiment: Buy Disclosure: Held
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