All I am saying they need to put the money to better use. KZL wanted cash, and WSA has the cash to buy the asset next to its own mine. The important point is, WSA has the means to buy the asset.
You say we should buy this stock at this discounted price, but we know these prices are artificially supported. Once the artificial support is removed, the SP will come under further pressure. Many like me would wait and therefore contribute to the weakness of the SP. The buy back is self defeating, it is sending the wrong signals to the market. Many on this forum believe the SP will fall to 60c, they won't be buying at this prices.
MCR Price at posting:
68.5¢ Sentiment: None Disclosure: Held
