This is quite strange really that stock has just stalled at 22 cents,
Even if there are terms and conditions attached to the purchase, there is a takeover offer in play - all they need is finance approved and you get a nearly 100% gain, there is just too much gap between this price and the target price with the minimality of requirement of achieving so.
Wouldn't you say its a safe bet to say that you can earn nearly 100% for a potential risk of falling of say 50% if the takeover offer was removed.
RNC Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held