NQM
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0.00% 40.5¢ north queensland metals limited

I note that so far today, with 2 hours left in the session, NQM...

  1. ex-Yank
    486 Posts.
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    23/09/10
    13:15
    Post #: 7234173
    I note that so far today, with 2 hours left in the session, NQM has traded an extraordinary 17 million shares.

    Nonetheless, NQM's share price has risen only 1 cent (2.67%). Do you reckon

    1. NQM holders are running for the hills?

    2. Traders are arbitraging their way into CQT at a 4.5% discount (NQM @ $0.385, CQT Offer worth worth $0.403 if you think CQT is fairly valued at $0.505, up 1 cent = 2% on the day)?

    3. Both or neither?
    NQM Price at posting: 38.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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