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
KDR Price at posting:
34.5¢ Sentiment: ST Buy Disclosure: Held