Unfortunately for many this ‘arbitrage’ play doesn’t seem to have worked out - so far. I appreciate assays are still due so the SP will react to those, but sometimes there’s a reason why things that look too good to be true are.
I sold out of WRM on the early pump and expected the price to converge lower as WRM holders bought AUL and sold WRM, thus reducing the arb play. I had no idea about the drill rig fiasco so I got lucky on that but this is a good lesson for a lot of investors.
Hopefully for you all, there’s some good results from whatever holes they’re able to drill this season.
AUL Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held
