Buyback vs saving for any unexpected issues along the way? At these prices, reducing the amount of shares on offer sounds like an excellent idea, buuut to have cash at hand , incase of any further delays or unforseen costs, prevents any further sp erosion. Especially as an insulator for any further market weakness. [ including an unexpected, heavy drop in the tin price. ]
On the whole though, It is most definitely an enviable position to be in should the supply of credit hit headwinds, and especially compared to many other small caps, the SP is still a bargain.
You would have to wonder if the larger buyers are punching a few buttons on the calculator, in order to figure out a substantial , profitable, entry point..
MLX Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
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