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).
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Last
57.3¢ |
Change
0.013(2.23%) |
Mkt cap ! $505.2M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 57.5¢ | 56.5¢ | $817.2K | 1.433M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 592005 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 131366 | 4 |
View Market Depth
| Last trade - 11.20am 17/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |