In my view the market did not believe the merger would actually happen and/or that if it did, the CRML price would crash by 80% or more.
So all we need now that the merger is effective is for the SP of CRML to hold up once listed and the market will be forced to re-rate EUR significantly. It cannot stay at 10 cents under those conditions, or even 20 cents. If it does, someone will swoop in with a takeover bid.
In my view the market did not believe the merger would actually...
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Last
5.0¢ |
Change
-0.002(3.85%) |
Mkt cap ! $69.90M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.3¢ | 4.9¢ | $53.37K | 1.064M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 151299 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
5.0¢ |
Change
-0.002 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 5.0¢ | 5.3¢ | 4.9¢ | 243595 | ||
| Last updated 15.39pm 10/05/2024 ? | |||||
| EUR (ASX) Chart |