Hi orchard Yes I'm a bit surprised the market hasn't made allowance for time,,,its just pricing intrinsic valueof 2:1. and calling it end-game for MIMWGG!! WMM are also down-but they only have 3wks to go. If the market starts to price in a increase in the offer the intrinsic will rise or if there's the possibility of a rival bid the time factor will become important and the market will price that in. Either way you are guarateed 6cents by the market maker if $1.72 stands at the end of june.I'm thinking of topping up @the 5c mark.
They say the market sometimes doesn't make sense, but what I cant understand is the bids of 13.5c for the 2:1 aug call warrant MIMWZB with a $1.80 ex price!! CANT BE RIGHT-CAN ANYONE OUT THERE CONFIRM THIS??
