Ann: Daily share buy-back notice - Appendix 3E, page-6

IBB

They have 114M shares

A 5c capital return would give them $5.7M which they need

If you go to the LSE version of HC, you'll see a lot of the BMN holders are wanting this as well, I've been gaining support from quite a few of them

http://m.lse.co.uk/markets/shareprice/chat.asp?share=BMN

Everyone agrees, if management can't invest it in something worthwhile, then hand it back

Anthony gloated to a few in our group that the tin would pay itself back in 1-2 years. The response was why would we be happy about a free carried tin asset worth $300k if it took 1-2 years with overheads of $1M+

It makes no sense, it's stupidity

Either buy an asset worth $10M and build real wealth or be shown the door and return the cash

Seriously, $14M in bank and they buy a $300k tin asset that will be free carried in 2 years, yet cash balance drops $1M+ in that time. Exactly who benefits there ? Certainly not LMR or BMN holders, only directors milking salaries

The support for 249D notice is already above 5% I believe and BMN holders are also keen to try their end