Post by
jimbo37 on Feb 24, 2021 3:26pm
TUO vs the NEW AMK- (tomorrow)-
TUO currently has a market cap or 145 million and AMK has a market cap of 166 million.
So tomorrow AMK has to drop 4 cents to match TUO but TUO is not spunout so how much does AMK have to fall to match that amount. Depends on the premium the market places on TUOs none Treaty Creeks assets- so I sold some today hoping to get discounted AMK tomorrow that exceeds the gain I would have got from Stinger shares.
This is all under the assumptions that Stinger trades at 30 cents the first day.
Comment by
CharlieWaffles on Feb 24, 2021 3:37pm
I bought TUO today for 1 simple reason, TUO was cheaper than AMK but you get all TUO properties for free and haven't sold 1 AMK share.
Comment by
MarcusA on Feb 24, 2021 3:43pm
Exactly my strategy - wellcome to the club! [One of the best things on this board: some others type what you only think.]