What DOES pique my interest however, is that even though some of the register will effectively be brought back into the company , it DOES give APAC even more control , which basically locks in value to their own aims, especially if they complete some larger block trades of OP stock as a priority.
Unfortunately it too may add to the general lack of daily traded volumes in the longerterm, which too may magnify any price action , but also nullify any propsed oppositions to the current board and it's activities.
It may also hand over full control of the company by proxy, therefore circumventing any potential FIRB headaches of a takeover, and basically pass on the majority of the cost risk to the rest of the shareholders too, therefore using the company's OWN capital to moat themselves in.
It could be a master-stroke by the Chinese owned business, so kudos to them.
Maybe we could become another Yancoal?
* Anyway still bought some more today however, as I could NOT help myself....
MLX Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held
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