S32 0.00% $3.62 south32 limited

Why? S32 have only bought back approx. 10% of original shares,...

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    Why? S32 have only bought back approx. 10% of original shares, so SP should only be 11% above where it could have otherwise been, say, $3.45 or so.

    That seems about right.

    Commodity prices are still the bigger factor.
 
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