share buy back announced, page-30

Kwaidan, why do you hold this stock if you are so negative?

Bagging a small cap oil co in this market is plain silly.

Maybe the seller has to sell - have you seen what is happening in the markets lately? In my view the offer is extremely attractive and they need someone to hit the offer. It is a reverse auction, you need the money, start at market and keep on working down until you get hit. If this goes below 40c I am doubling up.

Explain to me why Wyllie would buy shares at 55c and more importantly the 2 new non-exec directors would put $550K of their own money in this if they were not going to push hard for a result?

Last time I checked people in the west still drove cars and there are a bunch of people in the east and south east who want to. Maybe that is why oil is back over $100 (for now)

Just my opinion
Monty