In all honesty this is exactly what I don't like about buy backs. Were going to spend $36m (90m shares x $0.40) to essentially put a floor price on the share price. Once we have spent our $36m on the buy back, there is absolutely nothing stopping the price going down below $0.40c again with a $36m hole in our pocket. The last 4 trading sessions since the buy back commenced has all closed on $0.40c. I fear the share price won't significantly increase from here, but on the bright side it shouldn't significantly decrease from here (at least for the meantime).
- Forums
- ASX - By Stock
- MLX
- Ann: Update - Notification of buy-back - MLX
Ann: Update - Notification of buy-back - MLX, page-7
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
Add MLX (ASX) to my watchlist
(20min delay)
|
|||||
Last
44.0¢ |
Change
0.010(2.33%) |
Mkt cap ! $394.5M |
Open | High | Low | Value | Volume |
43.0¢ | 44.5¢ | 42.5¢ | $477.5K | 1.095M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 223 | 44.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.5¢ | 104353 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 223 | 0.440 |
5 | 286283 | 0.430 |
2 | 22661 | 0.425 |
6 | 132758 | 0.420 |
2 | 52200 | 0.415 |
Price($) | Vol. | No. |
---|---|---|
0.445 | 104353 | 7 |
0.450 | 31177 | 2 |
0.455 | 171570 | 5 |
0.460 | 290895 | 6 |
0.465 | 1153304 | 3 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
MLX (ASX) Chart |