Over on GXY they are hoping for 60cents at end of the week.
Some simple maths
GXY at 44
1.65 premium= 72.6cents GMM
If Gxy hits 50 cents
1.65 premium= 82.5cents GMM
It would seem a no brainer that GMM holders would want GXY to keep inching up.
GMM and GXY have been trading in a very similar pattern, the differnce know is that every pip up for GXY is 1.65 pip up for GMM
The only thing I see is that GXY can "alter the offer" as per the ann, it would seem, at their whim, have I read this correctly?
GMM Price at posting:
71.0¢ Sentiment: None Disclosure: Not Held
