A few of us have already done the same. The share price is now where it was pre takeover proposal announcement.
I agree the risk reward is skewed positively, but in this market where there is a rotation away from growth stocks, it might even go below 20c if the deal falls over, so you just needed to be prepared to hold it for the medium term at least if it falls over.
Let's hope it goes through though!
Money making idea. Interested?, page-5
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