I thought @Autosime mooted a change (lift) in buyback ceiling after chatting to the Chairman?? Pretty disappointing to see no change. Weird given management acknowledgement at AGM that capital return framework can improve. Great quarter otherwise.
Also weird that when Travis Ricciardo asked about growth through acquisition, in particular purchasing AFM shares, management replied they are not a fund, now their excuse for keeping cash aside is for "growth through acquisition". Are they just saying this to keep plebs happy with no change in buyback?? A $4M investment in 1st tin is neither a capital management plan nor a return to shreholders.
MLX Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)