WB the buyback is useful while the share price is depressed. If for whatever reason the price rerated to let’s say - the mid 40s, I would hope to buy back ceases.
I have recently bought into Yancoal - 65% Chinese owned , and I can assure you based on their actions , paying very juicy dividends is not a problem for the Chinese. But they have already,l gone through their asset acquisition and capex phase and now simply spitting out very high FCF .
I am confident if metals X gets rentails up and running successfully and maintained a 10 year my life we will see very strong dividends coming to us
MLX Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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