Rinker

Well yesterday was spent trying to get 2,000 Rinker (RIN) shares to sell into the offer. Cemex are paying AUD19.5 for the first 2,000 shares of each investor, before it reverts to a USD denominated deal. Because of the movement in the USD/AUD rates there is a small arbitrage between the current price and the offer price. So for the cost of a little interest there is AUD1.5k-2k to be made. But I didn,t have much in my loan account yesterday and the time it took to transfer enough in (overnight) meant that I missed yesterdays price. It's now up AUD0.18 which is still ok, but not yesterdays price. The stock is delisting tomorrow so I guess its today or tomorrow (possibly) so we'll see how it moves.