Forum Archive Index - April 2004

[robin benson <rob@hammerheadmedia.co.uk>]

On 7 Apr 2004, at 02:11, Shayne King wrote:

> Just a uick question about the offer made by Norgate for 50% of WRI. 
> If the offer was 1.50, and the current price of WRI shares are 1.39 
> then isnt there a small profit to be made here?

Possibly, if:

1. You had a shareholding in WRI before an offer is made (as I 
understand it, the offer is yet to be made officially), or
2. You are correct in assuming that Norgate's bid will ultimately be 
successful.

i.e. sell your WRI shares to Norgate and buy your original holding back 
on-market at lower levels.

If (2) above doesn't come about, however, you might find yourself with 
twice the holding of WRI than you expected.

Robin


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