Agree with flightime and arsenic comments. I also believe some agression is warranted given the cash build and lack of dividend. At worst they slightly overpay for 35 million dollars of stock (70 million shares x.50)? Thats probably 15% of cash position 1 year from now. Its all relative.
The ev on this is silly. Hindsight is 20-20 and if myanmar tonnes dissapoint year end the buyback will likely be neglibile. Looks like tarriffs and market conditions are going to make this an easy discussion anyway.
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Last
58.8¢ |
Change
-0.008(1.26%) |
Mkt cap ! $520.7M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 60.0¢ | 58.0¢ | $289.3K | 492.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 140560 | 58.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 270 | 2 |
View Market Depth
| Last trade - 10.50am 31/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |