I know this has been raised before, without a satisfactory answer so I'll raise it one more time before EDN disappears off the board forever. With the current exhange rate between Canadian dollar and Aussie dollar , and a VAA value of .81 CAN cents, I rate the current merger value of EDN at .48 AUS cents, so why is it dwelling down in the low 30s???? Seem like a no brainer to me if you can be bothered with the all the paperwork for owning TSX shares. Is there anything else here that's not being factored in e.g. Canadian tax? Any input would be greatly received?
EDN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
