defplayer
Doing arbitrage for profits is not easy and is a risky exercise as well - I have had a bad experience previously whereby I was given Canadian shares (listed on TSX) for an ASX company in a friendly merger - I was trying to do arbitrage around the same percentages you mentioned
The whole exercise was a nightmare for me ie. whereby you got to find a local broker to sell the shares at high brokerages + the exchange risk (converting back to AUD) + timing to get your monies + monitoring the overseas stock -
In the end, it was not worth it - I lost monies (5%) due to the subsequent signifinant fall in Exchange Rates against AUD. Maybe you guys are luckier !
This IMO - DYOR
AoA
2nd company update - drdgold deal, page-3
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