With the OZL SP going on a bit of a canter higher today, I'd point out that the arbitrage available has widened a little, maybe sufficient for a line wipe of the 16.5's
Current notional value of the offer is 17.06 cents with OZL at $9.51. Anyone can buy AVB at 16.5, and short OZL, then accept the offer at "a minute to midnight" for half a cent
The guy at 16.25 is having a ball!!, even better at 16
With the OZL SP going on a bit of a canter higher today, I'd...
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