Ann: Notification of buy-back - TGA, page-4

I think it's was the safer option/less risk adverse option for TGA to announce a 5% buy back over 10% in these market conditions. If it were I running the company I'd like to keep cash on hand for when a brilliant opportunity arises. A Charlie Munger/Warren Buffett approach will keep this company sitting pretty and with plenty of options when it's time to strike. Acquisitions are probably on the horizon within the near term... time will tell