re: 1 million crossed at 2.07 still 4c abitrage I find it hard to believe that companies are buying Hdr just for 4 or 5 cents aritrage. Surely they can get better than 2% in any number of other investments.What if the oil price comes back to $50 and TLW sinks to 3.40. What is the arbitrage then? There is a small risk that this could happen. I believe the buying is a calculated gamble that another bidder will emerge. I personally am happy with $2.02 as I bought at $1.52.The very large turnovers at prices in excess of $2.02 seems to me at least to be more than an attempt to make a few % in arbitrage that might not even eventuate.I will hold even if I end up with a final price of $2.02.
HDR
hardman resources limited
