Thanks for your response. Initially I went in prior to the legal action and was down greatly from 2.9 and 2.7. I use three, four or five accounts and so don't bother calculating the combined averages. It was quite a reasonable investment at the time. I tried not to average up but just took a few gorilla's in options. Around the 7&8 cents in the last 6 weeks. I average up as I gain more confidence and information. Most of my trading would gain a GST discount as I'm a high MTR payer anyhow and so this is spread through entities depending on access and later needs.
I'm not concerned with the arbitrage and it will close when it does I was to convert and churn heads for options given the time issues were not so relevant given I hold 90% heads. Happy to ride the fluctuating SP and watching close on what blastfurnace is doing over a few roads n fences.
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