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2.3¢ beacon minerals limited

Buying up big, page-11

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Biarra

696 Posts.

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25/01/24

11:25

Post #: 72061381
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Originally posted by joedirt23 ↑

Good post mate. I might be wrong but you seem to have misinterpreted what a buy back is and it may confuse others reading your post. Buy backs are different to Consolidations.

Consolidations are what you stated where the company literally divide everyone’s shares by say 10 and with the Market Cap obviously staying the same, the price of everyone’s shares is multiplied by 10. In theory it shouldn’t have an effect on the market cap (most important).

Where as a buy back is where the company buys shares that are on the market and they “disappear” so to speak. It’s the opposite of issuing shares where they get money, they are buying shares by paying money. Obviously, this in theory should have a positive effect on the share price. Not only will more buying reduce big sell walls and increase the price naturally that way, but by buying back shares and there being less shares outstanding, the same market cap will give everyone a higher price per share. I personally think it’s worth it but there’s many schools of thought on the merits of what to do with spare capital.

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I think he meant that after a buy back the shares are consolidated, same effect as a Consolidation but with the expense of the buy-back.

BCN Price at posting: 2.4¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 2.3¢		Change 0.000(0.00%)		Mkt cap ! $86.40M

Open	High	Low	Value	Volume
2.2¢	2.3¢	2.2¢	$15.89K	718.4K

Buyers (Bids)

No.	Vol.	Price($)
11	2380928	2.2¢

Sellers (Offers)

Price($)	Vol.	No.
2.3¢	658944	3

View Market Depth

No.	Vol.	Price($)
11	2380928	0.022
3	272600	0.021
6	4801841	0.020
1	30000	0.019
1	1000000	0.018

Price($)	Vol.	No.
0.023	658944	3
0.024	1428605	4
0.025	1378537	4
0.026	517036	3
0.027	389382	2

Last trade - 10.28am 19/08/2024 (20 minute delay)

BCN (ASX) Chart