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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by Suomalainenon May 14, 2013 12:58am
252 Views
Post# 21388238

What might the rights be worth?

What might the rights be worth?

Once the rights are listed for trading it will be very revealing to see what buyers are willing to pay for them on the open market.

 

In theory the rights current CMK shareholders will get should be worth around 24 cents each if CMK share price is at 5 cents - 16 cents when CMK is at 4 cents - 8 cents if CMK is trading at 3 cents - and zero cents once CMK trades at 2 cents----basically 4 cents for every 1/2 penny CMK share price changes.

 

So Bond with your gazillions of rights which you will be getting it obviously will be VERY important for you to sell all of them the very first day the rights are listed for trading otherwise if you wait you could easily end up getting less than half for your rights once everyone else gets them into their accounts and can place their sell orders.

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