I thought that I'd start a new thread to discuss this. There's been debate about this on the other threads and I think it's important to explain why buying on the market is important.
The reason that I argue that buying on the market is important is because there are only a few hundred thousand shares that need to be bought to get AHZ above 30c. This would cost less than $100,000.
If AHZ goes > 30c, the SPP will be a success and the company will collect $5m.
If AHZ remains < 30c, the SPP will probably not be filled and the company will not collect $5m.
This is why I argue that if a shareholder really wants to support AHZ then they should support the market price. A few hundred thousand dollars spent now will result in millions that the company might not get if AHZ stays < 30c.
Buying on market
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Last
$15.70 |
Change
-1.350(7.92%) |
Mkt cap ! $301.7M | |||
| Open | High | Low | Value | Volume |
| $16.50 | $16.50 | $15.52 | $571.1K | 35.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13 | $15.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.00 | 775 | 2 |
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| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| AVR (ASX) Chart |