Feb. 19 at 3:14 PM
$LIFFF Looking for an arbitrage play? WR1.ASX /
$WRSLF is trading at about 0.45 AUD. When the April deal goes through, each WR1 share will be traded for 0.107 LiFT share.
Say you buy
$10,000 USD worth of WR1, that would get you about 31,515 WR1. 31,515 WR1 x 0.107 = 3,372 LiFT shares, which at
$5.17 a share is worth
$17,433 USD. 74% gain in about 2 months.