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  1. #17051
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    Lookit,

    Cue MC = NZ$132M
    NZO share of Cue = NZ$66M.

    Cash in the bank free for investment = NZ$50

    4% of Kupe...reserves were recently lifted significantly. But let's be conservative and say that our 4% is maybe worth NZ$15M.

    Well, $66M + $50M + 15M = $131M. About the same as Cue.

    Then you take into account our 15% direct interest in Ironbark...a massive drill that is due to begin in about 3 or 4 weeks. Everyone will have their different assumptions on what that could/should be worth...but whatever that number is it goes on top of the $131M.

    Which is why I am adamant that NZO should be valued higher than Cue if Mr Aussie Market is behaving consistently/rationally. Which he does not always do!!

  2. #17052
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    I'm seeing 75c in Aust, 72c in NZ - Arbitrage anyone?
    All science is either Physics or stamp collecting - Ernest Rutherford

  3. #17053
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    The current bid is Aussie is 67c, which is about 72c in NZ.... No arbitrage...

  4. #17054
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    Quote Originally Posted by BigBob View Post
    The current bid is Aussie is 67c, which is about 72c in NZ.... No arbitrage...
    ASX market average trade today is 75.04-about 80 cents

  5. #17055
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    AU77c on the ASX! Low volumes traded, but that is still ~NZ82c at current exchange rates.

    If the NZX stays asleep and volumes + pricing picks up on the ASX I may transfer a few over during the thrill.

  6. #17056
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    Looks like the arber that is selling in Australia at 75 just bought some back in NZ at 73. Once volumes increase the price disparity will disappear soon enough.

  7. #17057
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    Quote Originally Posted by blackcap View Post
    Looks like the arber that is selling in Australia at 75 just bought some back in NZ at 73. Once volumes increase the price disparity will disappear soon enough.
    I think you are right going by the change in volume.
    The arber is making 7 cents per share traded so may be back for more

  8. #17058
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    Does that take in to account exchange rate difference and slippage?

  9. #17059
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    Quote Originally Posted by airedale View Post
    Does that take in to account exchange rate difference and slippage?
    Only rough estimates but it indicates NZO is being valued higher in Australia.
    Average price today was about the same in AU dollars on ASX as it was on NZX in NZ dollars-so arbiters could have made the exchange rate difference .

  10. #17060
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    500,000 shares, limit order set by someone at $1.300.

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