market release, page-20

re: umco But the shares are very cheap...imo

I agree that the oppies are expensive relative to the sp. You must consider the fact that the oppies reached 13.5 cents on very low vols and may very well steady off at 11 ~ 12. I think the oppies reached 13.5 cents when the sp hit 28 cents recently.

Still, considering the maturity date and a strike price of 20 cents, the value of the oppies will be realised before too long.