HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

Free
Message: tender documents
Reply New Message
Prev Message Back To Forum Threaded View Next Message

tendered my 250,000 shares of Freewest to Noront. It's a start !

One would hope you are joking to pull a lot of legs. If not, you need to hire help! Just in case, for your benefit and possibly a few others, here is reality:

Tendering 250,000 FWR gets you 62,500 NOT plus $250.- based on the current offer. Here is what you could have done in the market today:

Your worst case today would have been to sell FWR@ $0.51 (day low), buy NOT @$1.91 (day high).

250,000 FWR x $0.51 = $127,500.-, 62,500 NOT x $1.91 = -$119,375.-, you keep $8,125.- (or buy 4253 add'l NOT)

Your best case today would have been to sell 4 FWR @ $0.53 (day high), buy 1 NOT @ $1.78 (day low)

250000 x $0.53 = $132500, 62500 NOT x $1.78 = -111250, you keep $21,250.- (or buy 11,938 add'l NOT)

I would not tell you what to do, you should be able to figure this out. Good Luck!

Deke

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