share buy back announced, page-56

So for next 12 months expect SP to hover round 50c as SHAWS keeps the lid on it and scoops up all the frustrated holders that they incidentally got into the stock.

Once the hedges expire late 2009 they should go ahead unhedged as surely they dont wanna lose any upside.
Hedges needed to be there to guarantee the bank they could service the loan at the prevailing price.
Now with a better cash flow they should be self funding.
Which makes me wonder how bloody useless this buyback is.
Wouldnt they be better paying off debt or using it for any further exploration.