GIR 0.00% $5.43 giralia resources nl

looking at todays announcement by UBS they have sold down their...

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    looking at todays announcement by UBS they have sold down their holding in AGO and bought GIR . This suggests to me that they are taking advantage of an arbitrage and will convert by way of the offer. Could also be that they are expecting a higher offer?
 
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Currently unlisted public company.

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