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28.5¢ austar gold limited

Ann: AuStar Scheme Meetings to Approve the Merger with White Rock, page-12

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jogo

3,806 Posts.

1107

28/07/21

20:27

Post #: 54849558
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Originally posted by Schmucky: ↑

This will go through. Its just the liquidity within WRM won't be able to support a mass exodus of investors if they all choose to bail after the takeover is approved. It makes sense for a WRM shareholder to average down their shareholding but it doesn't make sense for an arb fund hence i believe the spread will remain post vote.

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Good comment re the liquidity Schmucky. The arbitrage comes from buying AUL now but being prepared to wait for some time with WRM before clearing out.
Maybe SymphonyNo9 has a point.

AUL Price at posting: 30.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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