RM 'They don't tend to make a lot of announcements' Yes, I agree, and I cannot see any reason why they would want to over the next 9 months, while they are actively buying up to 10% of the listed shares on market, as it is in the interest of the company and the shareholders in it for the long run, for the shares to be bought on market for the lowest possible entry point. As of today's date, 102 days of the 12 month buy-back program have elapsed, therefore, 28% of the time, and not co-incidentally, at the same time, 28% of the intended on market buyback target of up to 106,121,376 shares has also been executed by this morning's latest announcement. The buy back rules are strict, and the price is going no where for the next 9 months. I continue to hold, but am waiting to offload half my holdings at a level not too far away, and to possibly re-enter down the track, meanwhile getting a better return elsewhere. Long term, a great company, but for the next 9 months, don't expect any significant increase in share price, in my opinion.
MLX Price at posting:
22.0¢ Sentiment: ST Sell Disclosure: Held
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