KDR 0.00% $1.90 kidman resources limited

The oppies are suprising.Being priced as if they mature in...

  1. 7,917 Posts.
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    The oppies are suprising.

    Being priced as if they mature in November this year when in fact the true date is 29th November 2013 - 14 months to go.

    By my calcs the time premium is worth 3.2c per share plus I would be inclined to throw in at least 1c as a goodwill premium for the expectation of some great drilling results over the next week - 10 days.

    Makes a minimum value foR the oppies of 18.7c as at today's close.

    Sadly I am out of spare cash right now or I would have placed some bids.

    EB
 
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