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
$17.05 |
Change
-0.300(1.73%) |
Mkt cap ! $327.7M | |||
| Open | High | Low | Value | Volume |
| $17.00 | $17.44 | $16.95 | $184.6K | 10.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 191 | $17.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.50 | 500 | 1 |
View Market Depth
| Last trade - 15.59pm 19/07/2024 (20 minute delay) ? |
| AVR (ASX) Chart |