Hi Maurice, I just purchased one standard platinum watch worth of AurionGold shares listed in Australia, at AUD 4.5/share, using my USD at the broker, leaving my AUD cash undisturbed in their deep slumber.
Consider the action as 'tossing a grenade down into a dark and whispering basement'. Will the metallic pineapple get tossed back up?
The decision was not difficult, and was almost as easy as once deciding to buy ICGE and VERT, when those still-soon-to-be Internet titans were climbing on the other side of the Wall of Worry, long before the cataclysm implosion.
Placer Dome of Canada announced a buyout in exchange for shares, valuing Aurion at AUD 4.5. My theory is that, at the end of the drama, in the big picture, the risk is minimum even if one buys days after the buyout announcement, as the Internet shares once were, even if there is no discernable arbitrage profit left on the table.
Look! Levitation! No hands! We will see.
Chugs, Jay |
