RE:RE:RE:Mulling it over
Westgold closed at 2.19 AUD. Not sure where your 1.52 Canadian came from?
2.19 * 2.541 = 5.56 Aud
5.56 AUD = 5.00 canadian
add 61 cents cash plus cdn plus whatever the SPINCO 0.3 of a share is worth.
5.61 canadian plus that share value. Somewhere it said 14 or 15 cents?
$5.75 canadian. Not sure if any of these numbers change as the stock prices change.
Westgold is down @7 (-19 cents) percent since mondays (announcement day) high of 2.36AUD
This is not looking particularly good for KRR, with KRR falling, Westgold falling, gold climbing.
I also feel like Westgold is trying to capitalize on its current run up in stock price, and I would love to know what sort of deal both managements have cooked up for themselves. In my head I saw a bigger number than a 10% bump which seems to be disappearing anyway.