This was posted on the LIHR board.<<I had 800 shares of LIHR (av. cost 23.78/shr). So I made a bit of money with LIHR.800/0.843 sh of newcrest = 949 shares of NCMGY with max ads shares choice. Today I sold 800 shares of LIHR for 39.48 a share. I got 31584 - 10 = 31574.After that I bought newcrest shares at 32+ or 30434 including commission.I think I come out ahead by 31,574- 30,434 or $1,140.So instead of taking the offer that Newcrest made, I took advantage of the price difference -sold Lihr and bought Newcrest on my own.Am I right in my calculations?Did I do right? >>Was the poster right to buy Newcrest? Anyone long Newcrest?
Does not seem very many people are on this board.I wonder if all the LIHR share holders sold their shares and didn't take any Newcrest shares.But if you bought Newcrest at 32+ and it is gone up to 39+ in less than a month, you know you have a good gold stock!I am long Newcrest too!GLTA!