Simply, if the demand from the share buy back went away, the share price would drop. The buy back is only 10 percent of shares, I feel the market is behaving as if it's buying back 30 percent. Hence my opinion it will fall when the buy back is over or is stopped. Best stop, let the price fall and then buy at lower price.
Ann: Update - Notification of buy-back - GEM, page-7
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Last
$1.34 |
Change
0.025(1.90%) |
Mkt cap ! $1.084B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.37 | $1.32 | $3.088M | 2.293M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14638 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 16500 | 2 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| GEM (ASX) Chart |