If I have to listen to you pitch the buyback one more time mate… lol. I don’t disagree with it but I think APAC have issues going over 20% and they’re not interested so no need beating it to death.. though having a stock price that isn’t so discounted to NAV is a huge benefit for M&A if that’s the route they wish to go down.
They have options anyway - and maybe a second operation has it’s benefits in terms of diversification, and maybe get an asset with more control (not 50/50 JV). There’s no doubt single operations get a discount cos if something goes wrong ur revenue goes to zero… and an extremely deep underground operation with a history of seismic isnt without risk - doubling down on the one op vs diversification is a question one needs to ask… I think some cheap bargains will being to surface with financial difficulties that MLX can assist with - PAN AMI both small UG plays no too dissimilar to Renison that have financial problems.
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