I'm going to revisit the old buyback chestnut again, primarily for OP. it appears to be causing great congestion at the low/ mid 30's, to high 20's.
Yrs, reducing the CAB saved for future CAPEX / investments is a concern, however it might be prudent to strike while the iron is hot with the Myanmar situation.
It too MIGHT add confidence to those sitting on the sidelines to add, as the consistent selling might finally be be brought undone.
It also adds a bit more attraction to traders, ehi need the liquidity and share price variance, to jump in and out.
Anyway, the subject is always a bone of contention, with numerous various strong and valid opinions by all of our members, plus the management will do, what the management will do.
It's nearly opening time for the bottle shop at ALDI to open, so I'm off to load up on my $5 Prosecco....
MLX Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
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