The tax implications are ok for those with small annual incomes, but with no franking credits, again we go back to small time investor trades only. High net worth turnover actually suffers.
Also, if you had 100's of thousands of shares, closing out illiquid holdings may often end up with you taking a bath in order to complete the trade in good time.
This often prevents 'new' investment and slows trader action, something that we may actually need into the future, especially if tin prices smack the mid 20's for the next 12 months.
Great discussion though, and you do wonder what management are ACTUALLY considering right now.
Who would have thought that a listed company actually has TOO much money in the bank, under these conditions!
MLX Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
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