Ann: Daily share buy-back notice - Appendix 3E, page-4

Won't BRL set a price limit that they are prepared to buy up to and not pay more than that.  for example maybe .15 cents ??   Or will they be working on a budgeted amount of cash they have allocated to the buyback and have that as a spending limit.

If the limit is a budgeted amount, will they be prepared to buy up to say .20 cents/share?

Providing coking coal prices stay strong, and i think they will,...... if the 5 day average price  continues to slowly go up.   

An announcement that an appeal has been granted would be a POSITIVE.  That must be coming soon.  If an appeal is not granted then i don't think it would  negatively affect the shareprice much, would it, since the court loss has already been factored into the current share price.   

Next quarterly result in january should be a POSITIVE and then the 6 monthly report should be a POSITIVE.     

So with some POSITIVE announcements, with the buyback ongoing......what are the chances of  .20 cents/share by the time of say, the buybacks completion

And how high a price will BRL be prepared to pay with their buyback

The higher the buyback price the less shares bought back