RE: RE: RE: RE: RE: RE: RE: RE: NEWS: VG Gold + LeTheoretcially you are correct to say that VG shareholders should sell and buy LEX shares at current prices. Problem is if enough VG shareholders sell then the VG shareprice will fall which will lower the consideration LEX shareholders are getting for their LEX shares.
i.e. at present 1 LEX share is worth 2 VG shares @54c = $1.08c (theroetical value)
When LEX share price today is around 85c to 90c (discount due to uncertainty as to whether deal will go through).
but if a large % of VG sharehlders sell then VG shares could fall to 40c for example which would reduce the consideration to 80c.....if this were to happen then the LEX shareprice should adjust to reflect this.
The above example is obviously completely theoretical but in my opinion if you are a VG shareholder and you did not own LEX shares before today I think you have missed the boat and the majority of the gains. I therefore think the best course of action is to just hold on to your VG shares rather than to trade them for LEX shares.
Just my opinion.