Blao, I think Mcr can cease this buyback whenever they want to. Don't think they will have another one in the forseeable future regardless of what some shareholders want. A few posters here including yourself have been keen on this current buyback but as has been said many times before. buybacks do not support a sp, especially when we have economic turmoil in Euro etc. In fact if you look back you will find the sp was a lot higher just before this buyback started. Steady as she goes with this stock . Didn't the sp get close to 40c in the gfc. Would be a good buy if it gets there again. I can't see any trigger to get the sp even close to 80c.in the forseeable future.
MCR Price at posting:
67.0¢ Sentiment: Hold Disclosure: Held
