What's up with ANMCA ??, page-4

ANMCA trading at 28.5% discount Using a 6% interest rate for the future this is some figures:
CURRENT WORTH

31st jan 2002 INSTALMENT 30c 28.8c

5 PAYMENTS DUE

23 nov 2002 3.2c 3.1c

23 may 2002 3.2c 3.0c

23 nov 2002 3.2c 2.9c

23 may 2004 3.2c 2.8c

23 nov 2004 3.2c 2.7c

So based on a 6% interest rate ANM should be 14.3c (28.8c - all payments of 14.5c) more than anmca.
Today ANM closed at 46c and ANMCA at 24.5c.
ANMCA should be only 14.3 c cheaper which is 31.7c.
Therefore ANMCA is trading at a 7c discount which is
28.5 %.