Because the market doesn't value company's at what they are worth. In the same way you can snap up shares in the company if it's sp is below value, so can the company. If the company were at the time trading at market value then of course there would be no point. The suggestion is to cover the case where that isn't true, and seek to move the sp towards where it is.
Ann: Working Capital Increased as Plant Upgrade nears Completion, page-44
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.845M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $2.114K | 528.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 49 | 43329304 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 24702947 | 23 |
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| Last trade - 10.31am 17/07/2024 (20 minute delay) ? |
| AAU (ASX) Chart |