DABRU
UMC-20,400,000 x $2.60 = $53,040,000
Cash- approx $10,000,000
Other Investment- approx $500,000
Total: $63,540,000
114,000,000 shares on issue
55.7c per shares just in cash and assets.
Copernicus NPV $30mill equals another 26cps.
Assigning no vlaue to other assets which i believe are very significant gives us a price of about 82....
umc market cap disparity broadens, page-52
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