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Gold/Mining/Energy : 2018 Stock Picking Contest
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To: threepineapples who wrote (28)8/23/2018 1:22:30 AM
From: dara1 Recommendation

Recommended By
22jt

   of 224
 
Hello threepineapples,

As your pick for the contest, Klondex Mines Ltd. has been taken over by Hecla Mining Company ( see news release here), I have recalculated your purchase price (of one Hecla share) to US$4.143. Here's the arithmetic.

The closing price of Klondex Mines on December 29, 2017 was CAD$3.26. The CAD-US exchange rate on December 29, 2017 was .7971. (CAD$3.26 x .7971= US$2.60)

Hecla Mining has exchanged .6272 of a Hecla share for each share of Klondex Mines.

So now you work with a Hecla share which you bought at a price of US$2.60/0.6272=US$4.143.

The closing price of Hecla Mining on December 29, 2017 was US$3.97.

Cheers,

dara
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