Gents Have a look at TON chart. On announcement of CR share...

Gents

Have a look at TON chart. On announcement of CR share price hit high and max of 90c 2 days later. Similarly the IBG share hit max of 13.5c 2 days after ann.

TON at settlement still has premium on the issued price and dip down very close to 50c at 51.5c, 2 days after settlement.

IMO, IBG SP should get very close to the issued price of 9c, after Wed next week.

I have researched many CR stock over the years and generally SP will tend to come back to the issue price and some will trade to 10% discount of CR price before resuming the next leg up.

In some way I expect IBG SP to mimic TON over the CR period. Have a look and research yourself.

One poster has a trading style very similar to mine, ie ave buy pice 10c and sold 13c for a good swing trade. Well done on that short term trade.

cheers
pcyc