A little surprised by the magnitude of the arbitrage still available for those that want exposure to AAR considering 50% of MXR is assured.....a sizeable discount to the AAR price is still available via MXR purchases and folding them into the offer. Con Petroulas is making decent coin buying MXR up to the mid 6's I sense the AAR share price might struggle to run in the short term concurrently with the offer considering some MXR shareholders don't want AAR script for whatever reason (why I don't know) & will sell in the short term. Once the hangover of stock clears I sense this should run to highs with the timeline of news flow Marc has outlined this year. Lots to like here with a beefed up project (thanks to the MXR ounces purchased I think at a very value accretive price) in arguably the best location in Australia led by one of the best gold company heads in the country.
AAR Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
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