No, of course you couldn't buy $2m of shares on market now without pushing up the price significantly. What I mean is you'd put in $2m via an equity raising.
What I'm saying basically, is if you found someone or a group of investors willing to put in $2m via buying a future royalty stream, why wouldn't it make more sense for these investors to ask to put in $2m via a share issue instead?
It seems like a no brainer to push for equity instead of a royalty stream. Shares have: more upside, better liquidity, better tax treatment (e.g. royalty is taxed as income whereas shares can receive CGT discounts and can claim capital losses) ... I just don't see how the royalty stream is a better investment, if you're bullish on HVY shares.
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Last
7.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.596M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23235 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 44074 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 38830 | 0.074 |
1 | 30000 | 0.073 |
2 | 26888 | 0.072 |
1 | 14285 | 0.070 |
1 | 14500 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 44074 | 2 |
0.084 | 30000 | 1 |
0.085 | 173357 | 1 |
0.099 | 50000 | 1 |
0.105 | 100000 | 1 |
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