Tonstril, these companies are probably too lightly traded to enable you to do such a covered short trade. Don't muck around...just buy VMC shares at 20c.
There is minimal downside unless RXL completely collapse, and at current prices there should be 50-100% gain in VMC if you merely hang on to them for two or three months till the deal goes through and you receive your distribution of free RXL shares.
Value of VMC, page-27
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 (20min delay)
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Last
8.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.50M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.7¢ | 239 | 1 |
View Market Depth
| Last trade - 16.12pm 26/07/2024 (20 minute delay) ? |
| VMC (ASX) Chart |
Day chart unavailable