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28.5¢ austar gold limited

What would your thoughts be on this as a simple arbitrage play?...

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pegmebutya

42 Posts.

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17/05/21

12:54

Post #: 53221290
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Originally posted by mattyedw: ↑

Some of the newbies that are in over 33c because they thought the price gap wouldnt matter between AUL and WRM are already having to average down....

Below CR price in this stock is just not funny as it went below almost instantly...

\WRM holders who thought they were buying WRM shares here at a discount have almost immediately learnt that the hand has to go in the pocket many times if associated with this stock and then seeing red for the duration of holding is the history...

I think both stocks imho have been brilliantly played by an entwinning management that has raised an awful lot of money(again)from punters and old holders have been done like kippers again...

A couple of WRM holders that bought have already had to average down heavily just to break even....Research would of been the go instead of jumping in on an Ann that said a merger was likely(this stock already has failures in that dept or similar which cost holders dear last time)

A dog of a stock no matter how you dress it up..

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What would your thoughts be on this as a simple arbitrage play? Seems like most AUL holders would be in favour of the merger.

AUL Price at posting: 26.5¢ Sentiment: None Disclosure: Not Held
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