The lower the price of the buyback in this case, the better. As opposed to an on-market buyback, which you kinda want as high as possible.
In this case, the lower the buyback, the less money needs to be spent by PGI.
Shares then cancelled = increase in intrinsic value of every remaining share, reverse dilution.
Ann: Subsequent Announcement - Proposed Selective Share Buy-Back, page-8
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Last
0.5¢ |
Change
0.001(25.0%) |
Mkt cap ! $9.278M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $551 | 122.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 56985944 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 22179461 | 23 |
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| Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
| AAU (ASX) Chart |