iceberg dead ahead, page-10

Blao, in your last sentence you say the buyback will protect the current sp.
I know from past posts that this is a favourite "mantra" of yours but it never has and never will,especially in this current market turmoil.
You were possibly saying a long time ago when the buyback started that the sp would be protected somewhat.
Low 90's to 65.5 and about to break its 12 month low.
Waste of money in my eyes..would have preferred a 10c special div and even then the sp wouldn't have been any lower and we would all be better off.
Read Monarks post if you want to get a grip on buybacks etc.
Mcr will never get anywhere unless it finds its elusive USNOB which they have probably given up on by now.
However it is a well managed little nickler but will struggle to even get close to $1 again unfortunately, even with Blao's continued pumping and enthusiasm.
But if a GFC2 does happen,it will be a tempting buy at 40c again.