Been keeping low profile lately but had to pop in to say a few things.
If this is not the best or at least in the top few arbitrage buys on the ASX right now, I'll eat my hat. And my hat is one of those big Texan hats. I have been buying a fair amount at these ridiculous levels.
I can easily see this with a MC of over $500m with the scalability, size of market and win-win situation for all who take a contract with BID. Potential alone should see this over $100m. Crazy stuff but those exiting from the old CVE are providing money for jam.
It is hard to believe this actually hit 40 in the old money back last year, now trading below 10 with contracts with huge multi-nationals and the promise of more on the way. And cashed up. How good is this.
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