Hope Kiwi won't mind me re-posting his calculations,7Kiwi - 6...

Hope Kiwi won't mind me re-posting his calculations,

7Kiwi - 6 Apr'11 - 14:06 - 6882 of 6894

Arbitrage Monitor:

Current GGG Share Price (GBP)................... 0.344
Current GGG Share Price (AUS$).................. 0.538
Value of offer (7 GGG shares for 5 AZX)......... 3.767
Implied value of one AZX share (AUS$)........... 0.753
Current AZX value (AUS$)........................ 0.660
Premium/(Discount) of offer to current value.... 14.1%

GBP:AUS$: 0.6388