There is no guarantee that the merger will happen. In fact it probably will not. So many hurdles to get through. And we will not know anything until the end of this year or even next. In that time anything could happen. Upside potential from here is only 10% max. Considering the stock is at least two or three times overvalued. Downside is at least 50% or more. So it is a no brainer to be shorting around this level. Risk/Reward favors the downside.
There is no guarantee that the merger will happen. In fact it...
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.330M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 126314 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 43149 | 1 |
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| Last trade - 16.12pm 24/07/2024 (20 minute delay) ? |
| REC (ASX) Chart |
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