The great deal is for the 'sofisticated' sc umbags that are going to be able to get the shares at a discount.
With the numbers backing ARC even before the purchase they were undervalued. Even moreso now.
Too bad we all can't borrow a couple million, buy the ARC shares at a discount, and then flip them for a quick buck.
With a $5000 limiy on the SPP and say a $1.35 share price, we'll get about 3700 shares....
For that you have to jump through the hoops, do the paperwork, and wait.......
If the shares get back to $1.50 we 'make' about $500 after paying the broker to sell them....
great deal, page-2
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $45.32M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.3¢ | 14.5¢ | $8.489K | 56.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 795255 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 112274 | 3 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |