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
$1.54 |
Change
-0.015(0.97%) |
Mkt cap ! $1.434B | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.56 | $1.51 | $5.528M | 3.601M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 20739 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.54 | 27975 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$1.53 |
Change
-0.015 ( 1.78 %) |
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| Open | High | Low | Volume | ||
| $1.52 | $1.56 | $1.51 | 1424629 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| SLR (ASX) Chart |