Ring of Fire Monitor

This site is the 'go to' place for information on the Ring of Fire. As contributing authors are added, we will provide you with some background information on the authors.

You can post a comment but we reserve the right to remove any that could get us in trouble with the authorities.

Contact us through rofmonitor@gmail.com

Tuesday, February 1, 2011

Freewest Losses.... Unbelievable

Update; Close February 1st ...gap widens to $1.58. I could have my Toureg diesel with that $$ Wes & Co.

I just did the math based on the January 31 closing numbers and (excluding warrants and CLF dividends and currency) Noront Shareholders are currently down $1.497 for EACH FWR share surrendered to NOT during their failed attempt to buy FWR. Do the numbers! You better have have a drink handy.

What you have;
# of FWR shares x2/7 x NOT price (0.79)

What you could have had;
# of FWR shares x0.02016 x CLF price(85.46)

This also assumes a par US$


No comments:

Post a Comment