Total invested $600 (interest for two months)
Net profit of $1,666,000
ROR of 2,776 TIMES your money
Do only what you firmly believe in or know. DYODD
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Should be total gambled $100600, you are disregarding the risk on the principal.
This sounds like folly to me, but everyone has their own risk tolerance I guess?
I wish someone would buy a $100k it would prop up the SP.
But imagine the flip side - what if Teck shelves it for 5 years or more?
That is a possibility (hopefully not), but a risk regardless.
What if the unthinkable happened and we couldn't spin off and EE wanted shares for his cash infuson? Stranger things have happened, and then you are up a creek trying to pay off a $100k mistake.