I'm still perplexed by the current price of this...
Sure there are risks still with the t/o, and no other big players are stepping up atm,
but there seems to be a free lunch here?? (albeit small)
using 1000 shares as an example and last sale price of 69c
buying 1000 shares will cost $690 (without brokerage)
Takeover for 7/10 shares at 83c returns $712.14 taking away 858 shares leaving 142 shares and $22.14 profit.
If share price post t/o plummets back to say 30c (worse case?) the remaining 142 shares are worth $42.6
Total net $64.74 (all without brokerage) or just above 9% gain.
I'm still perplexed by the current price of this...Sure there...
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Last
87.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.35M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1300 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 7145 | 1 |
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| Last trade - 16.12pm 03/09/2024 (20 minute delay) ? |
| AII (ASX) Chart |
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