Could anyone at the AGM ask what the plans for MLX's cash hoard are? Think we should ask for a capital return to shareholders via share buyback. There is a motivated seller out there. And buying back sub 30c is buying back near the lows. There is nothing out there in the tin space that is likely to match the risk-adjusted ROI of a buyback at these depressed levels. If management refuses to see this point I frankly think this would be a cause for concern: either they don't understand how the economics of a buyback works or the outlook for tin is a lot worse than most of us think ...
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Last
54.5¢ |
Change
-0.010(1.80%) |
Mkt cap ! $483.0M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 56.0¢ | 54.5¢ | $613.2K | 1.109M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 75745 | 54.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 48986 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| MLX (ASX) Chart |