Freaky FridayWith the increase in the price of shares of PDN overight, the implied stock price of FCU this morning is $1.13. But today is coming down to the CRUNCH! Will the controversy be settled by the end of today's trading? Will everybody be happily on board?
We will probably not know until Friday morning. If all is good, PDN could go up another $1.50 overnight. (just me speculating). If the stock is halted this evening, all bets are off. It shouln't be bad for FCU, but things could be tied up for a while. Right now, FCU seems in a really good spot.
Your thoughts?
Another thing...the Aussie dollar seems to be gaining on the Canadian dollar.