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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No, of course you couldn't buy $2m of shares on market now...
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Last
5.4¢ |
Change
0.002(3.85%) |
Mkt cap ! $3.4M |
Open | High | Low | Value | Volume |
5.3¢ | 5.4¢ | 5.3¢ | $3.065K | 56.99K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 5.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.4¢ | 23840 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.053 |
1 | 117980 | 0.051 |
2 | 29940 | 0.050 |
1 | 20000 | 0.047 |
1 | 20000 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.054 | 23840 | 1 |
0.055 | 31746 | 2 |
0.057 | 85000 | 1 |
0.064 | 3409 | 1 |
0.067 | 57000 | 1 |
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