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Arb on LIX now >10%

An 11% arb on a cash offer: Buy it for $2.35 and sell it for $2.61...what could possibly go wrong?

LIX is trading strangely and when you consider the people behind this show, that's not a good thing at all. And it'd hardly be the first time a Chinese company decided to "revise" its offer for a Canadian junior (ask Henk van Alpen for more details).