Given the Gold price uptrend maintained, then it is a good opportunities to sell RED and buy SLR if its price is less than 4.34 times of RED price:
* If merger happen, then the ratio of them would be around that range, you get the premium earlier;
* If not, then very likely SLR runs higher and faster than RED.
Anyway, no loss to choose SLR.
TA perspective, I suspect the merger would be accepted by substantial holders when its chart is so promising to get a historical high to finish this super cycle.
Given the Gold price uptrend maintained, then it is a good...
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Last
$1.51 |
Change
0.040(2.72%) |
Mkt cap ! $1.411B | |||
| Open | High | Low | Value | Volume |
| $1.50 | $1.51 | $1.48 | $5.756M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6645 | $1.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.51 | 54198 | 5 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$1.51 |
Change
0.040 ( 3.17 %) |
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| Open | High | Low | Volume | ||
| $1.49 | $1.51 | $1.48 | 1035163 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| SLR (ASX) Chart |