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TAKEOVER OF XCD INCREASED TO 1.2 CENTS, page-9

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drifta

6,600 Posts.

523

08/05/20

10:03

Post #: 44505604
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Originally posted by marksman: ↑

The two markets are totally out of whack! Massive arbitrage opportunity here. The extraordinary level of pessimism being exhibited by traders (XCD is priced as if 88E is trading at 0.4c) can work in your favour. Ask yourself this simple question - is their crystal ball any clearer than my own? Is it any clearer than it was two weeks ago when they were selling XCD at 0.7c?
Yeah that turned out to be a real smart trade - lol! I might add that was when I was buying and adding to my position.
Become an arb!
Buy a million XCD at 1c for $10k and then sell 2.4 million 88E at 0.6 c where it is currently trading for $14.4k in three weeks. Thats an almost 50% return.
OR
Sell 2.4M 88E for 0.6c and then buy 1M XCD for a cent and pocket the difference of $4,400 TODAY and convert to 2.4M 88E shares in three weeks.
As long as the 88E price isn't below 0.4c when they send out the paperwork in three weeks time you will not lose money.
PS Yes Deinvestoerog you have my permission to repost this on the 88E thread. I must confess its hard to be humble when I have my flunkeys desperately wanting to splash my pearls of wisdom all over HC.

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In theory, your figures are correct..

Wouldnt it be a shame if, just before conversion, 88e went into a TH for a lets say 200 :1 consolidation of capital and a major CR..

Let's face it, 88e have ..here is the aweful 88e balance sheet...

Cash at bank =$28M
Current DEBT = $16M
Current quarter cashburn = $16.3M
Total shares on issue 7.1 BILLION...

All in all not a pretty sight imo...

drifta

XCD Price at posting: 1.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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TAKEOVER OF XCD INCREASED TO 1.2 CENTS, page-9

Top Stories

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

BCI reaches close of funding facility for salt-first part of Mardie project

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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