That's definitely true; it could well go up after re-listing....

That's definitely true; it could well go up after re-listing. Many do.

Let's say it trades up 100% in the first week or two upon re-listing, i.e. 20c. The mc will be ~$64M at that point.

But buying today, on-market, at 1c, is the equivalent of buying CVE at 20c if it actually gets there.

Now, I've seen plenty of RTOs trade higher, post-re-listing, but even the best ones rarely gap-up on open more than 25-50%, not to mention 100%.

Seems to me the risk of not buying in the current market is:

1) It's magically going to trade higher than 20c on the first day of trading when it re-lists (unlikely)

2) They alter the CR price higher, due to overwhelming demand (even less likely imo)

i.e. no real risk at all and you're more likely to save money by waiting now till it re-lists and the stags sell-out.