You are probably referring to Rentails. The latest information that I'm aware of dates back to July 2017 and can be found here. There is a DFS update due by end of this year. So management may avoid answering the question on that basis. Nevertheless, cash cost and capital required to get Rentails on the road can hardly be less than what it was in 2017. Some simple calculations show that buying back shares is a far better option for shareholders.
MLX Price at posting:
27.5¢ Sentiment: Buy Disclosure: Held
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