SXY senex energy limited

strong bid at 34c, page-6

  1. 232 Posts.
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    I previously did a similiar thing with arrow Energy yrs ago. I sold my whole holding and paid $200 extra which gave me twice as many as I originally had. It was a big win for me.

    I've just done a cal. I have 27000 shares. If I sell them at 40 cents equals $10800, buy them back at 33 cents ( share price always drops to near capital raising price in these situations), I would receive a extra 5727 shares giving me 32'727.

    Does anybody see any flaws in this calculation.
 
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