As at today's close...
GOR shares in DEG = 413,934,740 (from last year's annual report, first source at hand)
DEG price = $2.64
GOR's DEG holding value =$1,092,787,713.60
GOR shares on issue = 1,086,399,060
Value of DEG holding per GOR share = $1,092,787,713.60/1,086,399,060 = $1.006 p/share
__________________________________________________________________________
Fixed component of GFI bid p/GOR share = $2.27
__________________________________________________________________________
Fixed component plus floating DEG value = $3.27
__________________________________________________________________________Equiv bid high today (based on the day high of $2.70 for DEG) = $3.2987
GOR high today = $3.3200
__________________________________________________________________________
GOR traded above the bid price today
Expand
(20min delay)