Share buyback from MSC? I like your optimism kakoii but such a thing will never happen to MSC. A share buyback requires excess capital and based on MSC's financial state they are unlikely to ever have excess capital for at least the next 5 years. IMO the share price will make a gradual slide towards 1 cent until positive news is released. The 1st quarter activities report is due to be released within the next two weeks so that may contain news on the 5,000 tonnes per month order. Until that order is confirmed, the MSC share price will remain depressed.
MSC Price at posting:
0.0¢ Sentiment: None Disclosure: Held
