I'm happy to sing management's praises, i just think there's an opportunity available now that is unique and compelling. The stock is trading at circa 1x cashflow, every dollar spent buying stock has a 100% ROI and it's the lowest risk option available. I'm not suggesting spending the whole cash pile, but have a proper go at the buyback, we're building cash at $30/$40m a quarter, there's no point being super conservative. As for Rentails i'm still confused about the capex here. Earlier poster seemed certain that the capex isn't needed if we're selling ore, would be good to get clarity from the company on this at the result.
MLX Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
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