Let’s see how much they start buying back in the market come March 19. 10% is 90m shares. There’s circa 250 trading days in the year - so to fill the buyback they’d need to be in the market for around 400,000 shares per day. With typical liquidity of 2,000,000 shares a day.. that is a material amount. Should definitely clean through old peak easy enough. Hallelujah!
MLX Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
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