ORS 0.00% 1.3¢ octagonal resources limited

Just trying to get my head around this deal. If I buy one ors...

  1. 2,308 Posts.
    lightbulb Created with Sketch. 20
    Just trying to get my head around this deal.

    If I buy one ors share now at say 1c, then I get an early christmas present of .55 c cash and 2/5 of an ayc share.

    Say ayc share is worth 2.5 c, then 2/5 of that = 1c. Add on the .55c in cash equates to 1.55c worth of cash and shares.

    So over 50% gain in one month.

    By my reckoning, the AYC sp would have to fall to 1c before this deal would create a loss.
 
watchlist Created with Sketch. Add ORS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.