Arbitrage is quite attractive; however, with lots of big guns involved you'd imagine there is a reason that it mow represents 11.7% arbitrage gap.
Any thoughts on the risks/ games?
With all these large Funds taking stakes I would imagine it is not for the long game of a failed take over and developing the project. Surely their game is to try and force a slightly improved offer and take the profits.
A bit of bot action too perhaps massaging the SP downwards...
Any thoughts on risk/ return?
Cheers John
IRN Price at posting:
$1.13 Sentiment: None Disclosure: Not Held