ARU 2.86% 17.0¢ arafura rare earths ltd

market says nup worth about 64 or 65 c each

  1. 875 Posts.
    Is it all bad news? I Guess that depends on what value someone places on NUP shares. The way I see it is ...........

    Supposing I have 3000 ARU shares I am going to get 1000 NUP.
    Yesterday 3000 ARU shares were worth $2685 ($0.895 share)
    Today (approx.) 3000 ARU shares are worth $2040 (at $0.68 and fluctuating!)
    Therefore my 1000 NUP shares have an "assumed" value of $2685 - $2040 = $645 or $0.645 each

    I am sure this will bounce around lots but that seems OK to me.

    What do others think ?

    cheers,
    R



 
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