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Re: lcky_jk post# 1049

Friday, 03/14/2014 9:37:36 AM

Friday, March 14, 2014 9:37:36 AM

Post# of 1099
We do agree, this is what I see and my approach;

Buy MXOM per 10,000 shares @ .045= $460 with a $10 commission (if you pay that much, I do not).
Post merger get 8,200 CRCUF shares. CRCUF at today's low trading price of .08 x 8200=$666 (w. $10 comm.)
I am seeing an arbitrage of nearly 30% as a fairly juicy temptation, I just could not resist. When you look at where CCM.TN (canadian Canarc) is (low @ .095) even after currency conversion the gap is even larger.

Down side is the merger collapses, but even then the mine resources still hold enough value to justify that risk.

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