Ann: ASIC Form 484 buybacks to 27 June 2022, page-24

Agree, buying 100,000 shares a day is a waste of time at these levels and a wasted opportunity.

In 6 Months if the share price is higher and they are still buying 100,000 a day it will cost more, so why not hit it harder now, it’s not rocket science.

In 6 Months time if the share price is lower or the same it will reflect an ineffective buy back campaign.

The Company has stated numerous times, they feel the Market Cap is not reflective of the Companies value, and I agree, but the buy back as is, is certainly not reflecting what they regard as good value.

They raised at 20c to help eliminate debt earlier, and that’s great, I don’t care what anyone says, but instituting a buy back that is ineffective at a time of low prices just Months later when we are generating a good rate of cash seems like amateur hour stuff.

I would also like to see at least 500,000 a day while we are under 20c and if there is enough volume coming through, which there is and has been, to accommodate that.

In the end you either want to do it to improve the situation for both the Company and your shareholders, or it is a token gesture to pacify the anger at the recent raise.

There’s little doubt the sp is being manipulated but I sincerely doubt at current buying volume levels it is our broker doing it to take advantage for the Company and it’s shareholders.

Strike while the iron is hot !!!