The buyback represents around 4.5% of shares outstanding so will not make a huge dent in the problem. Buy them all right now subject to SP stability and ASX rules. Buy as much as possible and then some more to make existing shareholder NTA/share even greater. They have a load of cash. And yes I agree we need to see ASX announcements to see if they are genuine and looking after shareholder's interests.
With the huge variation between SP and NTA I reckon they could have done 20% buyback. Buy, buy buy. For Christ's sake buy!!
