impossible to get 250M shares at this level imho
What would 250M buying do to the SP at this level?!
On reopen the volume was 17M then 12M then 7M then 5M then 2M now going at 1.5Mdaily at best.
From a pool of 350M shares
Any CR taker will know that if they take 250M shares from offmarket by CR they will be cheaper than buying them on market at that volume.
My guess is that Forrest/Minderoo is lining up a big cheap stake here once again at these 12 year lows just like he did in 2012 and 2013 at 25-30c. He wouldnt be flipping any shares until $50c or even $1.80 again like last time imho.
Either way, someone will take the shares and AHZ will have large cash warchest for another 1-2 years securing the companies future yet again.
AHZ Technical Analysis, page-98
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Last
$15.68 |
Change
0.680(4.53%) |
Mkt cap ! $331.4M | |||
| Open | High | Low | Value | Volume |
| $14.90 | $15.75 | $14.85 | $431.9K | 28.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 200 | $15.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.95 | 300 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| AVR (ASX) Chart |