The SP might be dropping, but over 10 million shares have...

The SP might be dropping, but over 10 million shares have exchanged hands in the past two days. Shows someone is buying up.

In terms of the SP growth, the company has confirmed it's Batu Hijau extension is being finalised, with an approx contract value of 1.5+ billion for a period of 6 years from 2022 to 2028. This contract alone will add $250+ million per year to the books. A very significant contract indeed for the company.

The half-yearly also stated it's priority to return cash to shareholders via dividends and/or share buyback. As a long-term investor, I'd prefer the share buyback, especially at this current SP. Even a share consolidation would be suitable at this stage to lower the overall number of shares which exploded through the multiple capital raises and AMNT bid in recent years. These outcomes could also contribute to SP growth.

Like always, it's just a waiting game to see what happens next.