This is quite the opportunistic takeover. ELD is about 5 x from...

This is quite the opportunistic takeover. ELD is about 5 x from its 52 week low last NOV. It is a stock that has really taken off of late. I think we are being paid with a very expensive stock. In addition, if it does go ahead, i would hope the CDI is linked to the TSX listed ELD rather than NYSE listed EGO. Why ?, because the AUD and CAD are closely linked if you look at a 5 year chart, it only moves to a max up/down of 10 % at anytime. If linked to the USD there is too much volatility. In addition in the long run the USD is a dead currency. No gold bug wants to believe in the long term future of the USD. If you link the CDI to the NYSE listed EGO, you have exposure to the weak USD. A fall in the USD relative to the AUD will blunt any gains you get in share price rise of EGO in the US. look at NEM CDI listed here as an example of this.