I'm inclined to agree, but assuming they have maintained the same pace of selling as May-June, they should be down to ~4% (35m shares). With them being below 5% we now can't see what they are up to unfortunately.
On the bright side, if you are in for the long term this is creating a good buying opportunity. I'm already overweight MLX, but I'll add if the SP goes below 20c
MLX Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held
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