re: 1 million crossed at 2.07 still 4c abitrage "What if the oil price comes back to $50 and TLW sinks to 3.40. What is the arbitrage then?"
No arbitrage in that case, they simply take the guaranteed 2.02 cash offer. It's a pretty safe bet really, as long as Woodside doesn't really slash Ching reserves there is bogger all downside to this deal, and good potential upside, particularly if a second bidder does come in.
Where are the bl00dy chinese when you need them?
HDR
hardman resources limited
re: 1 million crossed at 2.07 still 4c abitrage "What if the oil...
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