CMX 2.13% 4.8¢ chemx materials limited

re: merger with oceana gold plushtek why? this is the...

  1. 2,444 Posts.
    re: merger with oceana gold plushtek why? this is the question.
    current share prices OGD = $0.78 and CMX = $0.50

    if the merge was to take place next week.
    you could have CMX shares today for .50cents.
    then next week they would be converted to
    0.61 X $0.78 = $0.475
    +
    0.31 X $0.78 = $0.24 ( options converted in 30 months at $0.92)

    total = $0.715
    ( CMX value at OGD current share price of $0.78 )

    or have i miss the goals completely and kicked it out of bounds on the full!?
    cheers PC
 
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