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Gold/Mining/Energy : JDS Fitel
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To: reg who wrote (715)2/5/1999 3:04:00 PM
From: Thomas Kelly  Read Replies (1) of 815
 
Actually, Sam, thinking again about your currency concerns, haven't you got it backwards? If the Canadian dollar goes up, we win. One UNPH share is worth 2 JDS shares, so if UNPH goes to US$100, JDS shares are worth US$50 each, irrespective of the exchange rate. At the moment that $50 is worth about $32.50 Canadian. If our dollar goes up to $0.80, each share would be worth $40 Canadian. N'est pas?
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