Current Implied Value of CVR

[davidhmtk]

As of 12:30 pm EST June 3rd, buying a share of IOC at current price will give you almost all your money back in 50 days ( except $2.33) and leave you with a CVR likely worth $18-$30 in a year, and as a bonus there is some chance that the offer is improved.

OSH share    AUD     6.69

Exchange rate = .7338

OSH in USD =   $4.89

8.05 OSH shares = $39.40

IOC price = $41.73

Cost of your CVR = $2.33

( so assumes 6.59 TCF Gross )