Endeavour Mining plc T.EDV

Something up in London?

[marben100]

Intriguing price action in London this morning. Shares currently up around 8%, on a volume of 131k traded (which is high for london). Currently trading around £18 = C$31.3

[marben100]

Unfortunately, that pop in London didn't last, once the TSX opened. Now back to £16.70 = C$29.09. On the positive side, this is the highest volume day in London so far, with 422k shares traded on the LSE. Need that volume to ensure index inclusion.

[RealPez]

I also noticed the high volume today at the equivalent of $31.00 Cdn. This stock has always been cheaper on the TSX than in London. Wonder why you would rush and buy in London when you can buy all you want $3.00 cheaper on the TSX. Aren't there any arbitrage worth doing here?

[marben100]

Yes, very strange that there was that early burst of buying in London, which is why I highlighted it. There is undoubtedly some arbitrage going on - but difficult for private investors to get involved, as it's not so easy to get stock transferred between the Canadian depository and CREST. Believe it or not, I'm still waiting for my original stock to be tradeable in London. Apparently my