Ann: Update - Notification of buy-back - MLX, page-7

In all honesty this is exactly what I don't like about buy backs. Were going to spend $36m (90m shares x $0.40) to essentially put a floor price on the share price. Once we have spent our $36m on the buy back, there is absolutely nothing stopping the price going down below $0.40c again with a $36m hole in our pocket. The last 4 trading sessions since the buy back commenced has all closed on $0.40c. I fear the share price won't significantly increase from here, but on the bright side it shouldn't significantly decrease from here (at least for the meantime).