Re: Short RIO
Based on today close price of RIO at 75.50, it equals to about $60.00 per share including benefit on right entitlement. Therefore, it is not a shocking event when RIO pull back below $60.00 after ex-right on the 17th of June. I am sure on how to trading short on RIO, but will this...
Based on what I read, if I buy RIO before 4pm 16th of June, I will be entitled to the 21 to 40 right issue. The ex-right date will be 17th June (and the record date is 22nd of June, T+3). Hope these are correct,
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