buyback is firing up again, page-6

Sabre, I think what is scaring the market at present are the resolutios coming up at the agm re 100mill FPOs and 100 mill ops being given to hte insto that helped them get restarted. I understand why they are doing it but the market is not going to digest it.

On top of that the buyback at current levels seems almost non-sensical when they are issuing this many shares at 7c. SUrely they could find someone now who is willing to give them money to repay this mob rather than dilute the shares this way. ANyone with a spare 30mill will do or someone who is willing to get them at 25c rather than the ridiculous 7c.

Just for your interest I currently have shares in SBM