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28.5¢ austar gold limited

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stelios

926 Posts.

152

09/06/21

16:51

Post #: 53747653
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Originally posted by Wack: ↑

Hey pidg, providing the merger goes through, I will have aul over wrm.
why?
It looks very much certain that the merger will go through and all major holders support it.
wrm share price is currently 60.5c
If we multiply that by the merger value of 0.78 aul for each wrm, then we just use this, 60.5 x 0.78 = 47c /share after the merger.
Meantime you can still buy aul at 34c.
That is a 13c profit upon the approval of the merger.
Or almost 28% gain.
Nice arbitrage.
kind regards, Wack

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"Nice arbitrage."
Make sense of the announcement:
The low for the 1st of June was $0.335 and volume less than 340,000 shares traded.

AUL Price at posting: 35.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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