share buyback starts tomorrow, page-3

The way I see it the aim of the buyback is to get the shares comfortably above $1 come January 20, so maybe $1.04/5 and up. They'd probably start at least a month in advance to move them up gradually and see how many sellers there are as the shares move higher.

With the shares close to the exercise price and what looks like a good October result coming up (atm I have them adding 10c to the undiluted NTA) they may very well do nothing and see if the shares can go higher on their own before having to buy any back.

I'd prefer it if they started pretty much straight away to see if there are any big sellers around, maybe pushing the shares to around $1.02/3. They have enough cash to extend the buyback if there's a lot of resistance, and it would be better to find that out sooner rather than later.