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
56.0¢ |
Change
0.010(1.82%) |
Mkt cap ! $496.3M | |||
| Open | High | Low | Value | Volume |
| 55.5¢ | 57.5¢ | 55.5¢ | $2.373M | 4.206M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13599 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.5¢ | 60000 | 1 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |