Don't agree with this.
If they are concerned that the tin price is going to plummet despite the fundamentals then they should just pay a dividend.
MLX value is rising over time as they build cash and closer to receiving CYM CN's. BB levels should be rising as the price increases.
They have started a BB and implemented it absolutely woefully to the point where it looks like they really didn't want to do it in the first place.
If they don't do a dividend or BB we will continue to sit here undervalued. Of course they can still do capital management and fund future projects. Currently we are hoarding cash on the "possibility" that Rentails will proceed 3 or 4 years down the track.
Ann: Quarterly Activities Report, page-20
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Last
41.5¢ |
Change
0.010(2.47%) |
Mkt cap ! $376.0M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 42.0¢ | 40.5¢ | $571.6K | 1.383M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 50076 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 253197 | 5 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |