OTCQX:CBLLF - Post by User
Comment by
Bookendson Oct 09, 2019 1:55am
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Post# 30210320
RE:RE:Right Now There’s A Risk-Arbitrage Opportunity in the Batter
RE:RE:Right Now There’s A Risk-Arbitrage Opportunity in the BatterFor what it's worth, the market isn't necessarily saying Nickel 28 is worth about 20-30 cents.
It's saying that here is a real risk that the deal gets rejected and shares drop back to 3.5$.
Just because the Nickel streams are nowhere near production, it doesn't mean they have "No Value"... I would gladly pick them up for free if that were the case. Obviously, they would have value to some, just not as much as when the ressources would be exploited.
I also think it's a nice arb opportunity and I purchased some today (well yesterday the 8th)
If it does get rejected, it's also a clear signal that Shareholders believe it's worth more than 5.92$, so that would be encouraging even if their could be short term pain.