There seems to be some confusion around the buy back rules.
They state that you can only conduct a buyback at a max of 5% above the 5-day volume weighted average price.
That being the case if there was a large spike in price, say 10% on the announcement of the drill result, then the company wouldn't be able to buyback until the a few days later when the average came up. If the price continued to climb this could make it impossibly to buyback any stock for possibly a week or two.
In terms of limits on volume the company is actually free to buyback as much as they like as long as its within the average price constraints.
As far as I can tell when the buyback was occurring it happened at a % of daily volume around 20% or so, im sure when and if it resumes it will happen at the same rate.
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