1 + 1 = 2 (hopefully)

Share buyback has been announced

Why a buyback, there are so many reasons, a few quick ones

(i) Anti-takeover mechanism. A buy-back may be used as a defensive tactic in a hostile
takeover by increasing the leverage of the company and reducing the liquidity and the
number of shares available to the hostile raider.

(ii) Wealth transfer. A buy-back that is undertaken when shares are undervalued transfers
wealth to non-participating from participating (selling) shareholders.

(iii) Information signaling. A buy-back may be due to management possessing favourable information not known to the market about the future cash flows of the company. The
buy-back will consequently represent management's signal that the company is
undervalued.

Management has stated the buyback is part of its capital management program, hey it needs to have a reason, and what better generic one than that.

But no doubt it has something to do with one or more of the above,

Given we are before the WA Supreme court today against MCC I am hoping it has more to do with point (iii).heres hoping.