MLX 3.26% 44.5¢ metals x limited

Why are we all so short-sighted? When the BB was announced the...

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    Why are we all so short-sighted? When the BB was announced the share price was hanging around $0.28 and we would have all been excited to see a buyback announced at +30% of the then traded share price. Sure we have all suffered a little pain in the last few weeks as the price is coming back down to $0.385c but at least we know it will stop around here due to the BB in place, but lets not forget that our share price is also impacted by the market as a whole. In fact since April we are still +9% with most of the other commodities in the negatives, and since January and April we are significantly outperforming the XJO200. I'm actually quite okay with my shares increasing +35% since January PLUS still having a significant cash reserves in place. We have achieved capital appreciation while barely spending a cent. I'm here for the Long Term.
 
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