Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: May 31
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Assuming 5 day average prior May 31, basis closing price:

USD

May 28 = .628

May 27 = .5399

May 26 = .50

May 25 = .50

May 24 = .518

.628+.5399+.50+.50+.518/5= .53718

USD 2.5 million/.53718 = 4.653 million shares

closing price of .628 versus .53718 = 17 % discount to market

This seems like a nice premium to convert loan to shares.

Teutracker

11 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply