MOY arbitrage value @ NEM=$39 fully diluted MOY shares, cash per share only C$1.61 US$1.15
MOY trading at about a 15% discount to cash per share, fully diluted... _______________ 1st column is value of 75% MOY distribtion to shareholders 2nd column is 100% value NEM distribution, plus MOY cash on hand after warrant exercise.
800,000 total NEM shares to MOY 800,000 800,000 % distribution to MOY shareholders 75% 100% Share distribution to MOY shareholders 600,000 800,000 26,414,014 MOY shares o/s 26,414,014 26,414,014 Warrant & Option Exercise 1,961,250 1,961,250 Diluted MOY shares o/s 28,375,264 28,375,264 NEM shares per MOY share 0.02114518 0.02819357 NEM share price $39.00 $39.00 Value of NEM Distribution US$ $0.825 $1.100 Value of NEM Distribution C$ $1.158 $1.544 Value of NEM Distribtuion + Exercise C$ $1.616 Value of NEM Distribtuion + Exercise US$ $1.151
______________ Would not be purchasing MOY right now, appears we have distribution from folks without patience to wait until the NEM distribution..., and
the real easy money has been made, but I will likely wait to take profits until the distribution...
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