At 57c WRM, the AUL shares are worth post take-over 44.4c, where they turn into WRM shares to reap the upside of this season.
That's close to a 50% upside to current AUL price of 30.5c.
A surprising discount, and interesting rhetoric by the market saying it wont go ahead when Quinton Hennigh spent time going through AUL assets in last nights presentation to North American investors, a month out from merger. Read that again.
Not to mention, both have signed the agreement again after the CRs, with continued public support for the merger by all management (WRM/AUL and also major shareholder Crescat).
This is close to free money leverage into one of the most exciting storys of 2021, WRM.
DYOR, not financial advice.
WRM Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
