ERH eromanga hydrocarbons limited
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erho to overtake erh

  1. boxhillnorth
    1,593 Posts.
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    17/05/08
    17:30
    Post #: 3728649
    Ok seems erho has an option to buy erh for 10c. Once exercised you get one 20c option. Ignoring time value, if erh is worth 35c, erho = (35-10)+ (35-20) = 40c.

    So why are the punters paying 35c for erh and only 31/32 foe erho?

    Please explain??

    My disclosure is that I hold erho and ehrca (another interesing play for a N.L co.)
    ERH Price at posting: 0.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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