ODY 18.2% 2.6¢ odyssey gold ltd

ODY is effecively a holding shell of MAE shares after their...

  1. 7,809 Posts.
    ODY is effecively a holding shell of MAE shares after their projects were bought out by MAE for scrip .
    Approximately 2 ODY shares buys you exposure to one MAE share (.474 MAE per ODY share).

    50000 ODY @ 43 cents = $21,500 and represents exposure to 23700 MAE shares .

    Of course you can also buy 23700 MAE shares but that will cost you $30336, or 41% MORE than buying ODY for the same investment portfolio and project exposure ($8836 more expensive to buy MAE than buying ODY)

    Of course true parity may never be reached with MAE but currently the valuation anomoly is 41% cheaper at ODY .
 
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