I think its unfair to say they dont care about the sp. They have a lot of skin in the game. When they bought the 25% of Sarawak that they did not own not a single new share was issued.
I dont see how a buy back will change anything other than very short term and with an environment of high interest rates I think it is ill advised to back back shares instead of reducing debt.
When all furnaces are up and running and silicon metal is added to the product list I think we will see a big difference especially if the next upcycle starts.
Prices as per their website have stopped falling so hopefully we are not far from an upturn. They are still profitable at the bottom of the cycle , thats a great position to be in IMO
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