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Ed,

The buyback didn't seem to bother you so much 12 months ago when, as a holder, you wrote, "I now view CDU as a 7 year investment. Another 2 years of developing the mine and then into production and some profit. Some good numbers can be calculated over that time, but the short term may still be choppy as there will no doubt be some delays in the process and some things that go wrong with the development as usual. Any dips in the share price will provide additional points of top up over the next 2 years."

M.