This is a bit more speculative than I normally play but I have a med sized position in $EUR.AX (pending merger w/ $CRML). I think there's a pretty decent likelihood the original deal gets bumped (or you see a third party) - but even if not there is a lot of juice here. Stock is 42c, current deal value is 61c (ref $CRML) but a lot of hair/vol on $CRML price... why is this interesting?
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