$180m in cash arguably around $20m in investments. Leaves an EV or around $150m. Could possibly clear $20m a quarter at good tin prices and solid production rates. Of course only MLX knows if the bumper production rates on June are sustainable going forward. Myanmar and Indonesia production supply still looks shaky.
The problem is that MLX announced a buyback and it appears they have little to no interest in actually doing a buyback.
MLX Price at posting:
38.3¢ Sentiment: Buy Disclosure: Held
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