At this stage not really a question of whether or when the fpo will reach 75c. For me the only question is if I take up the offer will the MAK shareprice sustain 43c minus the value of the oppie when it goes on market. If so it makes monetary sense to take up the offer, if not it doesn't.
So if I buy 1 share for 43c, will the fpo price plus the oppie price be greater than 43c? I think the oppies might open up at 3 or 4c so if the fpo is somwhere north of 40c then it is worth it.
Right now I am not sure that this will be the case thus I am waiting to see what the shareprice is closer to the end of July.
AEV Price at posting:
43.4¢ Sentiment: None Disclosure: Held
