Under the rules of the TSX Venture Exchange, Rockgate common shares will commence trading ex dividend, with respect to the Northrock common shares and share purchase warrants to be distributed under the arrangement, on the opening of trading on Aug. 27, 2008. Accordingly, the last opportunity for investors to purchase Rockgate common shares in order to participate in the spinoff of Northrock will be immediately prior to the close of trading on Aug. 26, 2008.
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RGT now is trading ex dividend They have about 41 million shares out and have 60% of Felea... This is there only project now. Trading at $.70
DEV has 27 million shares out and retains 40% of Felea + other gold projects. Do the math... Now that RGT is ex dividend DEV and RGT should trade at par with each other...
Either DEV has a long way to go up.... or RGT has a long way to go down.
I bet after 10 days if this irrational valuation continues, RGT will take a run at DEV on a 1RGT for 2 DEV shares This would give them 100% of Felea and the project would be precieved as a better investment.
JMHO