I'm just wondering if there isn't some sort of an arbitrage spread going on between IMRN & IMC
I've seen posts where the Aussie cose price of IMC , say at 13-14 cents etc , equates to
$US 3.60 per unit for IMRN . ( but over the last couple of days IMRN has traded at $2.50 - $3.00
Thus assuming you could swap out ???? Why not buy in the US @ $2.50 - $3.00 and sell in Oz at effectively $3.30 - $3.60 ....or what ever . If you could do that the spread is 15-20 % for no risk except the exchange risk .
I've not seen so much turn over in the stock ....like its really churning
Anyway food for thought
Another jubilant day for the IMC skeptics - mind you they would be calling themselves IMC realists
cheers
VA
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8.8¢ |
Change
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Mkt cap ! $20.06M |
Open | High | Low | Value | Volume |
8.7¢ | 8.8¢ | 8.7¢ | $10.89K | 124.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4199 | 8.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 16280 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 11900 | 0.084 |
1 | 50602 | 0.083 |
1 | 40638 | 0.081 |
2 | 88888 | 0.080 |
1 | 7004 | 0.079 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 16280 | 2 |
0.090 | 4450 | 1 |
0.092 | 11000 | 1 |
0.093 | 38095 | 1 |
0.094 | 164287 | 1 |
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