How about this? I would only demand they have a capital return plan, if I was sure I could employ the funds better than them.
I have a diversified portfolio, with a lot of (+/-resources) picks of my own. They are certainly not conclusively better than MLX management's.
I'd have to be extremely self-confident/arrogant bordering on an asshole, if I was to take the money out of MLX on that basis.
The share stands on it's own. It's doing a good job generating cash, a lot better than most of my small developers who are doing it tough. Only an AH, would pull the funds out or demand capital return, from my perspective. I'm trying to be at least a little honest with myself.
Yes, the U stocks are doing a bit at present but not small miners across the board.
All IMVHO.
Today is the day we break through 30c, page-48
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Last
47.0¢ |
Change
-0.030(6.00%) |
Mkt cap ! $425.9M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 46.0¢ | $2.459M | 5.162M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 549999 | 47.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 47.5¢ | 46126 | 2 |
View Market Depth
| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| MLX (ASX) Chart |