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17.0¢ explaurum limited

rhart,, If you sold 15,000 RMS after the bell, would you not...

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glyna

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17/12/18

17:00

Post #: 36884745
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Originally posted by rhart3 ↑

15,000 RMS changed hands after the bell and 15,000 EXU. It's just arbitrage, you sell 1 RMS share for 42.5 cents then you buy 4 EXU shares at 10.5 cents for total 42 cents. You give those 4 EXU shares to RMS and get back your original RMS share worth (say)42.5 cents plus 8 cents cash. You just made 8.5 cents and end up where you started with 1 RMS share
Of course the price of RMS goes down with huge profits like that to be made, but it will recover to true value once all this is over.
I hope this helps I don't mean to look like a know all

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rhart,, If you sold 15,000 RMS after the bell, would you not have to buy 60,000 EXU to end up in the same position ????

EXU Price at posting: 10.5¢ Sentiment: Hold Disclosure: Held
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