Kiwi, if I wasn't holding I would wait as Monark. I wouldn't be surprised that we go down to the 2009 lows around 0.52.
I sold some for capital loss tax purpose and hope to buy back at the low. (But I didn't dear sell all).
My only hope for a quick upside in the near term is not a buyback but either some good news from the PNG project or -instead of a buyback- either an exceptional dividend or some acquisition of a troubled Ni miner.
If 0.5 doesn't hold then we are in trouble.
MCR Price at posting:
58.5¢ Sentiment: None Disclosure: Held