hi,
my take is:
buyback on market.
the directors know the share price is approx 50% of value. better to buy its own shares .
they have nearly 170 mill to spend in cash. read their announcement today.
I see them supporting the price probably up to at least mid 30's
shorters need to cover now, or they will burn.
it has been shorted 30-40% of volume per day.
Good time to buy is now as the company will make sure the price does not crumble any more.
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Last
65.0¢ |
Change
0.015(2.36%) |
Mkt cap ! $576.1M | |||
| Open | High | Low | Value | Volume |
| 64.0¢ | 66.0¢ | 63.5¢ | $1.473M | 2.288M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 39650 | 64.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 114097 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |