Ann: Daily share buy-back notice - Appendix 3E, page-12

One thing is for sure, LMR will buy back 20m shares as its 100% in Bushveld's interest to do so. Therefore, if others buy first and the price moves north, it will facilitate LMR paying an ever increasing price. Obviously even LMR will have its limits and I would guess, cash backing is the upper limit. Smartest thing for all to do is increase there holding and sell into the buy back - there is not that much loose stock out there.