I think it's not really right what yours saying. 360M shares at 1.3 = $4680000. 360M shares at 1.5c = 5400000. So saves the company $720000. Fairly small change in my opinion verses the opportunity lost of not getting the shares if the price miraculously does increase. Once the shares are bought back they are gone. They are not an asset the company can sell etc. So $13M profit isn't correct.
I think it's not really right what yours saying. 360M shares at...
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.72M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $56.09K | 5.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 28328841 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 4480590 | 3 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| BRK (ASX) Chart |