canada sp, page-9

Adjuster if I may......

20.00 CAD Canada Dollars = 23.0077 AUD
Australia Dollars

1 CAD = 1.15038 AUD 1 AUD = 0.869276 CAD


566.9 million Aussie Shares - ASX

29.086 Million Canadian shares - TSX-V

So ratio of No of shares = 566.9 Million / 29.086 Million

19.49 : 1 , the calc above is only the share ratio and not a way of calculating price differential


To calculate share price Worth of AVM in Aussie Dollars

Currently - :

AVM in Canada $11.00 per share (last closing price)

In Aussie $1.30 (last closing price)

Now $1.30 Aussie ATOW is worth $1.13 CAN

This represents a price differential ratio of

11/1.13 = 9.74 : 1

Now if AVM goes to $20 Canadian

then divide $20 CAN /9.74 (the ratio)

= $2.05 CAN

Now convert $2.05 back to Aussie Dollars

= $ 2.36 Aussie

Hope this helps