so the company earlier this year sold 48 million shares at $2.10 each to raise about $100 000 000
today they could buy the 48 mill shares back at about 90c costing approx $43 000 000
profit approx $57 000 000
mmmh
it would not be like company would then be short of funds if they began to struggle as many more shareholders seeing the above common sense approach would i think be happy to support the company even more readily
also seeing the announcements of late and todays share price one would think the directors would be interested in making an investment in the shares as at present i believe they hold very few shares ?
food for thought perhaps
so the company earlier this year sold 48 million shares at $2.10...
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Last
$2.16 |
Change
-0.090(4.00%) |
Mkt cap ! $1.023B | |||
| Open | High | Low | Value | Volume |
| $2.18 | $2.21 | $2.13 | $12.82M | 5.915M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2336 | $2.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.16 | 16721 | 4 |
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| Last trade - 16.10pm 01/05/2024 (20 minute delay) ? |
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Last
$2.16 |
Change
-0.090 ( 4.34 %) |
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| Open | High | Low | Volume | ||
| $2.18 | $2.20 | $2.13 | 2034159 | ||
| Last updated 15.59pm 01/05/2024 ? | |||||
| WGX (ASX) Chart |