The cross was probably worth $1.1-1.2mill and probably...

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    The cross was probably worth $1.1-1.2mill and probably crystalised a loss of of $3-4mill to ERM.

    Did ERM fear the no vote might get up?

    Someone or some entity clearly felt $1.1-1.2mill for 5% was good value.

    For now it feels a strange development imo.

    Dex
 
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