Have been watching the trading closely in this stock since the buyback began.It should be no surprise,Argonaut Sercurities the facilitators of said buyback are the ones driving the share price lower.It will be interesting to see how much of the companies value they are prepared to sacrifice.Almost all trading is from hand to hand,from a Darkpool,it doesn't take much imagination to work out whose shares are being used.Look at late trading last Friday as an example.I am happy to hold,book value is still well ahead of market price.It would seem the buyback is a cover for something we will ultimately find out.
Have been watching the trading closely in this stock since the...
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.0¢ | $55.45K | 242.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 113179 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 28075 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
