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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper
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To: Islander who wrote (1652)5/30/1998 1:13:00 PM
From: xdll  Read Replies (1) of 4142
 
Yes the prices seem cheap given what arcon has. What I was trying to do is figure out the fair value of MIDLP.

This thread has been beating to death the calculation for the value of a warrant which is simple addition. I was simply trying to find fair value for the MIDLP. I think gut-wise that it is definitely much higher than it currently is, but what is correct? If the common were $1, the MIDLP would definitely not be worth $35, but rather slightly less, I would think, given that this is a very volatile stock and october is 4 months away. How much less? I don't know.

I guess if one is long and has the expectation that the stock is heading much higher, than who cares. But I am trying to learn.

Just as now the common is not the best purchase choice, when the prices converge, it will be helpful to determine which share is the best value. And the MIDLP are not simply a multiply by 35.

Oh well, I've already learned so much on this thread, I'll not be upset if I don't figure this out.

Thanks though,
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