There is the confirmation that the 15M+ bid is the company buy back kicking into gear
It was the first trade of the day and took out the 56k of volume
Good to see management are finally starting to listen
Now if no lemmings sell it down, they can gradually increase the bid higher and higher to coincide with the increase in the rolling vwap
Buying back stock and cancelling it at a 40% discount to cash backing, that is money for jam
Strange no sellers now. Everyone knew about the 20M buy back yet panic when it eases for a few days because they are too daft to think perhaps news could be pending (as it was). Yet when they put the bid in market people suddenly realise ? That is the drift wood on the register we need gone
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