The relationship was discussed in post 849105 of 4 Jan when the MOE share price was A83 cents.
Substituting the new MGL share price of $CAN 6.70, multiply by 1.16983 (The Can/Aussie rate) and divide by 5 (MOE has 5 times the number of shares) and multiplying by 0.98 (MOE holds 98% of MGL):
And the MOE share price is supposed to be: CASN6.70*1.16983/5*0.98=$A1.536 but is actually selling at $A1.45.
The MOE Option: MOEO should sell at 28 cents less and is actually selling at $1.14, at least 3 cents less than it should sell at (To be converted in May, this year).
Gerry Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.
MOE Price at posting:
0.0¢ Sentiment: None Disclosure: Held
