Sino up again today...Closed @ A$7.20.
With the conversion of 4.5 to 1 that puts us at A$1.60 or at C$1.39, if the deal goes through.
GCX closed on the ASX at A$1.50, because of the uncertainty premium, so that would put us in Canada closing at around $1.30. But because our premium (fear) is higher here then there, we should only hit ~C$1.25 today, providing no unexpected big drop in Gold Prices in N.Y. I'll take that, step by step.
GB