AZY

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1.2¢ antipa minerals limited

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twouptom

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23/06/22

09:22

Post #: 62152166
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Originally posted by candidcamera: ↑

Yes, the 'creep' rule allows a company to buy 3% more stock in a six-month period after they reach 20%, without launching a takeover. This can go on for a long time, usually until the price gets to the point where the interested party sees sense in a takeover. I used to hold shares in a company whose biggest rival was also their biggest shareholder after four years of buying incrementally and is now at 30%. They have no intention of taking it over – quite content to sit back and watch the share price get smashed. That might seem counter-intuitive – why would a shareholder want their investment to dive and is no doubt helping that process along? Answer: because it's cheaper than buying the shares at the former high price.

I can see sense in Newcrest doing much the same. Why let the price of a company you're interested in buying rise? Especially when it's so easy to keep it low? AZY needs little help in that department. If you incrementally add to your holdings at low prices and just let the target company get on with their work, you can just wait to make a bid after they've shown more substantial results and are still a bargain. The inflexion point is often when the target company makes, or considers, big investments which the 'suitor' company may not want to end up owning. In the case of AZY, the decision on whether or not to build a processing plant would be one.

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"Why let the price rise"????????
So your saying the bot is owned by NCM.

AZY Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $56.52M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.1¢	$6.98K	599.6K

Buyers (Bids)

No.	Vol.	Price($)
35	20222452	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	14054779	18

View Market Depth

No.	Vol.	Price($)
35	20222452	0.011
48	16812954	0.010
27	11897900	0.009
18	9527820	0.008
4	2250000	0.007

Price($)	Vol.	No.
0.012	14054779	18
0.013	9767216	11
0.014	6950889	8
0.015	4967598	9
0.016	5415631	11

Last trade - 16.10pm 19/07/2024 (20 minute delay)

AZY (ASX) Chart

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Break out happening, page-522

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Flynn Gold flags mid-grade drill hits and always eye-catching rock chips

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Featured News

Buyers (Bids)

Sellers (Offers)

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