why is LOK trading at a 5.4% premium to LOOK?? (ie US conversion of LOOK into LOK values LOK at A$0.261).
I can't help but think this premium is not warranted/ justified, and is driven more by wishful thinking by Oz traders than by fundamentals.
That being said, I think the US abitrageurs are having a field day with this - at our expense!!! (more precisely, at the expense of over-exhuberant Oz traders).
LOK Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
