umc market cap disparity broadens

THUNDELARRA EXPLORATION MARKET CAP COMPARISON

27th Dec-07
THX 40.5c with Mkt Cap of $46.12m
UMC stake was worth $22.8m (20.4m shares x $1.12 at the time)


11th Jun-08
THX 48.5c with Mkt Cap of $55.24m
UMC stake now worth $40.8m (20.4m shares x $2.00)

THX’s stake in UMC has gone up $18m
Mkt Cap has gone up just $9m

Update....
18th Jun-08
THX has gone FURTHER backwards (as the tax loss selling hits the board)!!!!


THX 48c with Mkt Cap of $54.67m
UMC stake now worth $44.27m (20.4m shares x $2.00)

So...since December, THX's stake in UMC has now gone up $21.47million
Mkt Cap has gone up just $8.55million

You really do have to genuinely question the ability of the management at THX who are paid to promote this stock amongst the Brokers.

Coop