The buy back team are caught between a rock and a hard place at the moment.
Rule 7.33 on Monday stated highest price allowed to be paid by entity on the previous day (Friday): AUD 0.32720000
Yesterday highest price allowed to be paid by entity on the previous day under listing rule 7.33: AUD 0.32760000
So they are required to NOT buy shares that are over 32.75 cents, and the volume on offer is low.
Currently the depth is
It is clear we need to ask for our dividend because this buy back has zero chance of completion unless the major shareholders open their portfolio and offer up shares.
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Last
26.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $312.5M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.0¢ | 26.0¢ | $276.1K | 1.040M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 123858 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 391562 | 7 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |