re: Ann: Cornerstone Investor standstill obli... lordy - are you...

re: Ann: Cornerstone Investor standstill obli... lordy - are you sure that the sp is a LOT higher now than when GRAM took up the 19.9%?

in $US my rough calcs say that the sp is only about $AUD0.01c higher perhaps slightly less. and of course the correct way to view this would be in % terms so we're talking about 2% which isn't chickenfeed but nevertheless could not be seen subjectively as a lot.

back in may 2009 the $AUD was around $US0.77c when GRAM paid $AUD0.395c per share.

today's closing sp of $AUD0.435c against an exchange rate of $AUD to $US0.83c is very close to the original price.

i don't put a lot of faith in my own calcs so don't beat me up too much when you uncover my mistake.