Where we stand money wise...general calculation..

Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Burnhard83

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Where we stand money wise...general calculation..

in response to

Re: BNN

nijinsky70

posted on Jul 24, 2008 04:23AM

lets say you had 10k ARU (value = 45,000 C$) ... if the deal goes on... you get:

3,170 KGC or K with a value of 60,230 C$ (19C$ (TSE) assuming dilution of about 8%) 33% instant premium on the 45k value above.

next to this you get the warrants...

1,429 KGC or K ... excersizable at 32$, worth 45,728C$ (100% long term premium value on the shares, excluding inflation and interest rates or what ever....)

overal... at least 100% garantueed profit from this deal? ...

tell me if im wrong. but its ok.

i do believe that there are better deals, but cash supply is low for many big corps. anyway, we'll see how it go's