Well, be it as it may regarding the seller, a successful buyback at a value creating price level is far better risk-reward for shareholders than almost any mining related investment. No on-the-ground execution risk, etc. MLX is more an investment holdco than a mining company at this stage. Analyzing corporate strategy purely by focusing on the mining side leads to sub-optimal outcomes. All very IMHO. In any case, with a rising share and tin price I also agree that focus on mining related decisions should be the focus again. There is a time for everything.
MLX Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
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