@RookyKid. You're onto an important learning opportunity here...

@RookyKid. You're onto an important learning opportunity here and have earned it by bringing up the topic. I humbly request you make the most of it.

In summary. Buying back your stock when a commodity price is at a high is a classic action. It is an internal or self-correction for when the commodity price falls or/is low. When MLX puts out a DFS for Rentials before they hit the go button I think they will use a commodity price of something like USD$26000/t maybe $28,000 if the conditions warrant it. that will be the metric to judge management ability and penchant for risk by. I think they used $25000 in the before say six to 10 years ago.

As an aside, you can see what happens when you get it wrong like happened to Ni. These guys flogged their Ni asset at the correct time. That is good judgment and what we want from a board.

IMVHO.