my revised nta calc arrives at 1.711, page-23

I have tried to read everything I can about CER and CNP. The most detailed information seems to come from, or be quoted on, HC. For the life of me I can not see any reason why CER trades for less than CNP. I too have transferred all my CNP into CER and not always at the premium rate that is available today. I am happy to hold and still expect to sell half my holdings to free carry the other half. I still expect to do this by mid January. If that doesn't happen then I'll still be happy to hold until it does eventuate.

Maybe there are non holders out there who could explain a reason for CNP being on top.