If a decent sized company or fund values CRML at anywhere near the current valuation, then EUR should be taken out at say double the current price.
An A$200M buyout should be a bargain - if they had faith in CRML valuation.
Given that this has not happened, it's hard to see why CRML continues to trade as high, and EUR continues to trade as low. One of them (or both of them) by default should be trading at different levels, otherwise why is there not some huge arbitrage play?.
They can have my shares at 15 cents and options at 7.5 cents if they want. Multiples less than what I had dreamed of but I'd take that deal tomorrow!!.
But it does not appear to be forthcoming unfortunately and I will take a bath on the options.
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