Like I said , been a while.
Interesting how some of you were arguing over a nickel or dime in the unit price.
BTW I got my questions answered and will convey here.
You can select all cash at $16.25 or all units but not a ratio.
If the cash maximum gets met, you will get a pro-rated amount of units & cash.
Those who do not elect, will automatically get units of Dundee.
That is one of the key points. White rock is held across a wide number of people.
Many will let the units roll over , because it is an insignificant concern.
Many have to let units roll over because they save on capital gains.
Counting the 2 remaining distributions of .0953 for Jan & Feb , along with a possible "short year" distribution, wrk & Dundee are trading within 10-15 cents of each other re offer vs units of .4729.
You need to think a bit past the "now" and look towards what Dundee can be or can not be.
If you like to looks of Dundee, two years out then hang on and relax. If you do not like to looks of Dundee then take you $$ and find something else.
Worrying about a dime here or there is not worth the risk, you could out guess yourself and pay big time down the road.
At the time of the offer I held over 42000 units of wrk. Thats units not dollars. Even at that, the guess work of dundee vs wrk is not worth my bother.
My Profits have been sold out, and I will be a Dundee holder as of march 3rd.
Im looking forward to stability one the dust settles, and that is well into April.
All of my recent research tells me that Dundee will do well by the recent white rock deal.
beyond that, 6.5%, paid monthly compounded for the next 3-5 years amounts to a 38% return. I can wait.
the 10-15 cents differential in the unit/cash trading values amounts to a fraction of a percent. Why risk a 38% return to worry about a fraction of a percent.