Taking the 4c into account the price should be 0.1c max. But considering leverage by assuming the heads could go to 5c or higher before June 2023 a price up to 0.5c atm would be justified. Often, under similar conditions, the oppie price travels about half price heads. That would be a bit too high atm but if the heads take off it could become possible.
About 6m CR shares went to retail holders, about 3m free oppies. The others belong to the CR-Sophies. Depending on how many the Sophies are willing to trade / sell there could be a shortage of available oppies to buy should the heads rise.
Still a huge speculation buy but worth the risk as the rewards could become very high.
GLTA and Merry Christmas
IVX Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
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