BLY boart longyear group ltd
Add to My Watchlist 0.00% ! $2.91

Arbitrage Opportunity

  1. McNoob
    340 Posts.
    lightbulb Created with Sketch. 10
    clock Created with Sketch.
    14/09/17
    10:56
    Post #: 27210816
    Just in case anybody here is not aware...

    BLY's BLYO warrants operate like American-style options.

    Right now you can buy the warrants on the market for 0.008c, then turn around and exercise them by paying 0.021c to the company.

    Your cost per share via warrant exercise is therefore 0.029c.

    Right now you can sell the shares on the market for 0.036c each.

    Low risk 0.008c profit of over 27.5%.

    Silly to sell the warrants down here IMHO.
    BLY Price at posting: 3.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS The 4 sectors poised to benefit from Australia's immigration wave
right-arrow Created with Sketch.
LM1 High-grade targets in focus as drilling begins at Evanston
right-arrow Created with Sketch.
NEWS Listen: HotCopper Wire Podcast 024 – Two '4D' stocks to watch, but only one winner
right-arrow Created with Sketch.
AII Why Almonty Industries is THE tungsten mining stock to watch
right-arrow Created with Sketch.
NEWS How to handle a financial crisis and turn setbacks into setups
right-arrow Created with Sketch.
BML Boab Metals secures path to full ownership of Sorby Hills Project
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.