Arbitragers seem to be becoming involved. 620,000 SLR bought in one line for the equivalent of RED shares post takeover at just on 32c.
And not long afterwards, RED shares were trading at 33.5/33.7.
Risk aside, that's about 5% gross in less than an hour or so if they had the RED shares to sell and closes out the trade.
Ann: Red 5 and Silver Lake Resources to Merge, page-291
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 (20min delay)
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Last
45.5¢ |
Change
0.005(1.11%) |
Mkt cap ! $1.576B | |||
| Open | High | Low | Value | Volume |
| 45.5¢ | 45.8¢ | 44.8¢ | $8.599M | 19.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 227320 | 45.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 562439 | 6 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
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Last
45.3¢ |
Change
0.005 ( 1.66 %) |
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| Open | High | Low | Volume | ||
| 45.5¢ | 45.5¢ | 44.5¢ | 5479523 | ||
| Last updated 15.59pm 27/05/2024 ? | |||||
| RED (ASX) Chart |