Comment by
mill44 on Jul 20, 2018 10:38am
This is a good opportunity for everyone, except the longs. Enough liquidity for DeBeers to pick up a bunch of shares to secure the deal or someone else to pick up a large chunk before making an offer and reduce their cost substantially. Will see if the patient longs get something out of it eventually.
Comment by
griefman on Jul 20, 2018 12:43pm
Hey look, if you have $200 grand lying around, you could make a cool $42 grand by purchasing around 850K of PGD, in a little over a month...plus, the opportunity to make even more if they get a better bid....hmmmmmm, gottta go!
Comment by
griefman on Jul 20, 2018 12:45pm
Ops, divide that by 10...sorry!
Comment by
mill44 on Jul 20, 2018 1:27pm
Do you really think that an arbitrage like that would last more than a few seconds?