I would rather see them spend the money on a good asset, there are bargains out there at the moment. Lots of small companies with a proven resource but no way of getting it out of the ground, because of finance being unavailable to them. With the board being replaced lets hope its with a board that can take advantage of the companies cash position. Sure we still have the molybdenum in the ground but the price could stay down for a few more years. We need to move on, not buy back shares or pay a dividend, that's short sighted.
MOL Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held