I am hoping that someone can shed some light on this Buy-Back.
1) The Buy Back is for 10% or 136 million - is this conducted on market? Or do they ask for shareholders to volunteer in the scheme?
2) I know thta generally in a Buy-Back situation the SP generally goes higher. Does this happen prior to the buy-back or once the buy backs commence. I recall there was commentary on BHP buy backs - and they mentioned that the SP of BHP was being supported by the buy back scheme - which was conducted on market.
3) So if MLX invest their funds into buy-backs how will they expand?
4) If the buy-back is on market, is there a pot of money that they can continue using regardless of the SP going higher or will they stick to a particular range....
If someone could shed some light that would be great
Cheers Mayo
MLX Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held
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