SSN 0.00% 1.5¢ samson oil & gas limited

Foreman Butte Info, page-39

  1. 83 Posts.
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    Hi Biarra and Crazyman, sorry to add my two cents late but Biarra's formula above needs to be one of the following:

    (Amex price / 200) / aud to usd exch rate
    (0.67 / 200) / .73 = .004589

    or more correctly imo:

    (Amex price x usd to aud exch rate) / 200
    (0.67 x 1.34) / 200 = .004489 [not sure of usd to aud exch at time of your post]

    You were not far off as the Amex price and aud to usd ex are close at the moment, if you plug in an adr price of say $1.20 (why be negative?) you will see what I mean [(0.75/200)/1.2 = .003125] ! Current price still rounds up to half a cent, but is not quite as high as you may have calc'd. Apologies if I've gone a bit 'professor panelvandan' over a simple miss-key.
    Last edited by panelvandan: 21/06/16
 
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