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Online Share Trading

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gold one

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just_another_bo
Occasional Contributor
Any comment regarding gold 1. They are putting out a share buyback via the major Chinese investor at $55 aus. This gives me nearly R4,06 per share. Current share trades at R3,50 to R3,60 What is the risk and is it worth it. They send out the share buyback papers according to the sense in mid July.
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3 REPLIES 3
Blik
Super Contributor
I confirmed with Goldone, that the price is dependent on the Rand/AUSdollar rate, so it depends on that play. I know nothing about currency arbitrage - maybe SPB can add something here.
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just_another_bo
Occasional Contributor
I hope SPB read this and give his 5c worth.
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Not applicable
The trick is to work out what exchange rate they used to calculate the R4.06 per share and, more importantly, find out what hte actual Aus $ price was - then you can make a more informed decision. Often you will find when people quote in ZAR for a $ based transaction, they will use an artificial exchange rate - like 7.5 to the $
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