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Gold/Mining/Energy : Chesapeake Gold (CKG.V) -- Ignore unavailable to you. Want to Upgrade?

To: rustico who wrote (1393)	1/3/2008 2:18:20 PM
From: TheSlowLane	Read Replies (2) \| Respond to of 7833

It says: "...in the event that the average London PM fix closing trading price of gold is equal to or greater than US$850 per ounce on such market during any 90 consecutive day period during the five year term."

To: rustico who wrote (1393)	1/3/2008 3:43:23 PM
From: panthornet	Read Replies (1) \| Respond to of 7833

""Where does it say that it has to average over $850 for 90 trading days? The way I want to read this is over $850 for a 90 day period. It doesn't say 90 trading days"" I never ever said 90 trading days.The release says"Each Chesapeake Series 1 class A Share shall be automatically convertible, for no additional consideration, into Chesapeake common shares on or after the date on which the average of the London PM fix closing trading price of gold for the trading days on such market during any 90 day period is equal to or greater than US$850 per ounce of gold." There for two days down and 88 more to go including the weekend but we ain't there yet.