buy back, page-3

If you recall Sir Ron said he would return the Capital ASAP. The longer this goes on the less capital there will be to return!

As for the $0.04 to $0.042/share Sir Ron is going to find it hard to justify when the cash backing was closer to $0.049.

Returning only part of the cash will end up with a listed entity that will not have sufficient earnings to sustain a listing and Sir Ron will then take it out for a discount!

My view is that MVT either make a takeover offer at the NTA at minimum (as it doesnt realise the potential value of Cashmere) or leave the shell like it is and use the cash to invest and wait and see what happens with Cashmere!