You can’t start doing a buyback until you’ve paid off the unsecured debt and banked enough to fund the expansion. I think that comes soon though, if we have one quarter where receivables and inventories are liquidated, the cash balance could be $50m+. I like your thinking - a $20-$50m (10%-25% of MCAP) buyback would be very accretive.
MLX Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
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