You and Brauny really aren't getting it Spin.
After the Company spends money to buyback the shares which are then cancelled, this then increases the market cap because there are less shares on the register. So they are in effect increasing the market cap while increasing the share price at the same time.
Share buy-back, page-69
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Last
2.6¢ |
Change
0.001(4.00%) |
Mkt cap ! $97.67M | |||
| Open | High | Low | Value | Volume |
| 2.5¢ | 2.6¢ | 2.5¢ | $14.86K | 585.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1303562 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.6¢ | 143000 | 1 |
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| BCN (ASX) Chart |