Can't understand why so many people undervalue EKMO. At today's close for EKM of 42.5 and EKMO of 32.5, people selling EKMO are giving away 3c per option for nothing. They're exercisable in June 2011 at 7c and usually options carry a premium for time; just look at some others around. The difference should be no more than 7c, in fact because of the slightly better gearing it should be say 6c-6.5c. No worries, I'll just keep topping up on the options when they're undervalued by about 10%. Oh, and the Justinian results look very good... cheers
Can't understand why so many people undervalue EKMO. At today's...
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