A question to the LOOK/LOK faithful...
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).
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