merger profit delta, page-6

You guys should check the concept of arbitrage.

I'm no expert but I believe it involves buying and selling in the same market and picking up a few points for the effort. Buying BSG now in the expectation of a profit in a few months time sure ain't arbitrage. There is no guaranteed price or profit because you can't swap your newly bought BSG shares for CDE shares and sell them at todays price.

What Mr Market is telling you, loud and clear, is that Aussie investors can see better opportunities elsewhere. LOL Unlike the parrot, I'm not about to call everyone else a fool.

Risk/reward analysis tells me I'm better off with BHP and I'm sure astute stock pickers could find ever better punts in today's market. CDE is still highly speculative.