Magna Taking current situation. Let us imagine that we got an...

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    Magna
    Taking current situation.
    Let us imagine that we got an announcement today
    Share price 4.1 cent spikes to say 5 cents (hopefully more)
    Magna takes last 10 days and determines that the average vwap of the lowest 4 days is 3.9 cents.
    Magna gets 10% discount and buys 11 million @ 3.5 cents.
    Immediate paper profit: 5.0 – 3.5 = 1.5 cents or 43% instant paper profit!!!
    That is simplest way I can explain it.
 
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Last
6.0¢
Change
0.000(0.00%)
Mkt cap ! $64.73M
Open High Low Volume
6.0¢ 6.0¢ 5.5¢ 411.6K

Buyers (Bids)

Vol. Price($)
40000 5.5¢
 

Sellers (Offers)

Price($) Vol.
6.3¢ 51792
Last trade - 16.22pm 17/07/2026 (20 minute delay) ?
CKA (ASX) Chart
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