Replies to post #485 on Moydow Mines fka MOY

[Ed Monton]

Thanks Russ, it was your posts on SI that put me onto this stock and I managed to accumulate a decent position at an average price of .76.

Nice to see the movement in the last couple of months...

:-)

[Jackjc]

Me too Russ:

Averaged in around 77, have you to thank.

I just think the spinoff, NSR, cash, mgmt value, exp value
& True Grit drilling add up to 1.90. I suppose I would
take the Newmont to sell & keep the rest. Proven mgmt may
well develop another resource.

[amarksp]

Russwinter: question for you

Can you explain why you sold MOY today rather than shorting .021 or .028 shares of NEM for every share of MOY you owned? Did you consider this NEM short option to lock in profits? What are the advantages and disadvantages of this strategy?

Each MOY shareholder will receive .021 shares of NEM (75% of 800,000 shares) and MOY will retain .007 or 200,000 shares = .0028 total.

FWIW, this is likely the strategy I will use to lock in MOY profit. Another option would be to sell NEM $30 Dec covered calls for the .21 shares you would receive. The likelihood of this deal not closing appears very remote? Please share your opinion on the cost vs. benefit of a short of NEM (or covered calls) rather than an outright sale of MOY.

Thanks!