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Sun Metals Corp. V.SUNM

Sun Metals Corp is an exploration stage company with its principal focus on the exploration of the Stardust Project located in British Columbia, Canada. The company operates in one operating segment namely mineral exploration in Canada.


TSXV:SUNM - Post by User

Post by SilverKnighton Jan 22, 2019 4:00pm
107 Views
Post# 29266434

Arbitrage

ArbitrageThe Sun Metals story just keeps getting better.  The investment by Teck was a good omen indeed.  I hope you all added to your position around Christmas when this beauty was trading in the low 0.20's.  It's still cheap though relative to the potential.  There also still exists an arbitrage trade with Lorraine Copper who will hold 33 million shares of Sun Metals once the option is fulfilled.  At current prices Lorraine's stake in sun metals is worth about 0.22 cents/share yet it trades at just 0.13 cents.  They also hold an NSR Royalty on the Stardust project.  I'm pretty heavily long both companies.  
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