GIR 0.00% $5.43 giralia resources nl

looking at todays announcement by UBS they have sold down their...

  1. 444 Posts.
    looking at todays announcement by UBS they have sold down their holding in AGO and bought GIR . This suggests to me that they are taking advantage of an arbitrage and will convert by way of the offer. Could also be that they are expecting a higher offer?
 
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Currently unlisted public company.

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