Ann: Daily share buy-back notice - Appendix 3E, page-2

Now we are seriously cooking !! Buying back 10% of stock on little to no float. This is the most accretive buyback on the ASX. The math here is very simple. Two key quotes from the Worlds greatest investors:

“The companies in which we have our largest in!vestments have all engaged in significant stock repurchases at times when wide discrepancies exist between price and value. As shareholders, we find this encouraging and rewarding.” Warren Buffett

"Pay close attention to the cannibals – the businesses that are eating themselves by buying back their stock." Charlie Munger