(06-04-2016, 03:55 AM)steve3752 Wrote:
(06-04-2016, 02:28 AM)davidhmtk Wrote: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 )
I think you are leaving the word could from your statement that the cvr is worth $18-$30 in a year. What if the certification is 6.2TCF. That is zero CVR. You make the CVR sound guaranteed when it is not. Am I missing something?
You are correct, it is my evaluation. I have edited.