Northgate Minerals Corp (NXG)

[ezxccsc]

Su:
Can't seem to make upmy mind about this deal, I realize when the HK opens EK's price should drop question is how much. Prices below show value and I can't see it going to the low side.

So here is a table of the implied valuation for WITM if EASYKNIT trades down;

EASYKNIT @ 1.60HK*21/7.8 = WITM Value - $4.31US

EASYKNIT @ 1.25HK*21/7.8 = $3.36US

EASYKNIT @ 1.00HK*21/7.8 = $2.69US

EASYKNIT @ .50HK*21/7.8 = $1.34US

EASYKNIT @ .25HK*21/7.8 = $0.67US

Easyknit would have to trade down to $0.178HK for WITM to only be worth $0.48 US. Possible, but probably unlikely, I guess we wil see in the morning.

There is so much pro and con hitting the msg boards regarding this merger it makes it hard to sort the fact from fiction