share buyback. how does it work?, page-12

"Any thoughts then on the underlying reasons for an on market share buyback."

Not knowing the exact details of what criteria OZL will be using for the on market share buyback it's difficult to answer.
Although it's a given that our share of future earnings will be split between fewer holders and they still retain cash for future capital expenditure.
I suppose if they buy back over the next 12 months and then the sp tanks because of some external shock then management will have egg on their faces.
On the other hand if copper and gold prices remain high and the sp increases then shareholders would be happy.