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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s):  UURAF

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.


TSXV:UCU - Post by User

Bullboard Posts
Comment by tiker22on Jul 04, 2017 7:10pm
105 Views
Post# 26433348

RE:RE:Arbitrage opportunity?

RE:RE:Arbitrage opportunity?You are right. It is meaningless for many reasons: the difference in value between UURAF and UCU is about .0286 cdn, UURAF valued at about .3286 cdn. For arbitrage to work, one would simultaneously buy shares in UCU and sell shares in UURAF at market price. If you could do that at these sps, and were able to say purchase and sell 20,000 share, you might make about $500 on the transactions with $10 broker fees included. Problem here is that these price probably will not hold when markets open tomorrow and the volumes at market price will not be close to 20,000 on both exchanges. But I will check it out at 9:30am just to see!
Bullboard Posts