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SHG, SUNSHINE GAS LIMITED
mme
post Posted: Sep 8 2008, 10:54 AM
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And just to add to this, had you been lucky to sell SHG at $2.95 it's previous 52 week high, bought QGC at $3.69 on Friday and sold today at $4.60 = $36775!! biggrin.gif

 
mme
post Posted: Sep 8 2008, 10:50 AM
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In reply to: mme on Saturday 06/09/08 11:58am

Amazing what a day makes!!

Option one with 10000 shares.
$28750
Option two
$34900
and sell SHG on market assuming $2.93
$29300 biggrin.gif

 
mme
post Posted: Sep 7 2008, 07:34 AM
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In reply to: camaybay on Saturday 06/09/08 11:41pm

And a good thought too! At present given a $2.7 SHG share price it's about even with option two. If SHG share price gets higher and QGC remains at the current level or goes lower then your suggestion is an excellent one! biggrin.gif

 
camaybay
post Posted: Sep 6 2008, 11:41 PM
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QUOTE (mme @ Saturday 06/09/08 11:58am)

You should also do the calcs for outright sale and on market purchase of QGC. Share numbers difference may be significent. Especially after QGC gets back into the money.

Just a thought wink.gif

Cheers
DYOR

 
life
post Posted: Sep 6 2008, 09:26 PM
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In reply to: mme on Saturday 06/09/08 11:58am

Correct mme. However if the QGC shares drop quickly then you just might be better off. All in all its a plus for SHG shareholders.

 
mme
post Posted: Sep 6 2008, 11:58 AM
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You have 10000 SHG shares.
First option - 5 for 8 shares.
Assuming QGC price of $3.69 equals $23062.5
Second option - cash of $1.65 plus 2 for 5 shares.
Cash of $16500 and $10542 assuming $3.69 for each share obtained in QGC.
Total equals $27042.

Option two if my mathematics is correct gives you an additional $3980 if 10000 shares were held. biggrin.gif

 


mme
post Posted: Sep 6 2008, 09:29 AM
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Well it looks like the cash and scrip is the way to go with this one presently unless the QGC share price increases dramatically! Do the usual. biggrin.gif

 
BSA
post Posted: Aug 22 2008, 09:50 AM
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In reply to: hungry on Friday 22/08/08 08:35am

Shhhhh, don't mention charts you will start another debate! wink.gif



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hungry
post Posted: Aug 22 2008, 09:35 AM
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In reply to: BSA on Thursday 21/08/08 07:43pm

Pleasure BSA
Glad to repay the favour smile.gif I've made a few bucks on a few of your alerts in the past also.
Chart was the main reason for the buy, fa was just the backup reason. Sold mine also & bought some other oilers.
Charts - gotta luv em - they never lie wink.gif
Cheers

 
BSA
post Posted: Aug 21 2008, 07:43 PM
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QUOTE (hungry @ Monday 18/08/08 01:48pm)

QUOTE
Some good resis in the market depth (approx 600k) chewed through between 2.17/2.19 the last hour or so in SHG. Someone is accumulating.


Thanks for that alert Hungry! cool.gif
I had a quick look at the chart and grabbed a handful, so the take over news was nice(sold today)



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