I swear sometimes the market gives out free money. GAU has been offered to be taken over by SLV. The offer is 1 SLV share for 18 GAU shares. GAU is currently trading at 0.048 per share. 0.048 x 18 = 0.864 cents a share. SLV is currently at $1.10.
If you were to buy into GAU you are already sitting on a 27% premium in price.
Plus with takeover talk for SLV who knows what this bugger could fly to.
Easy money.
SLV Price at posting:
$1.11 Sentiment: ST Buy Disclosure: Held