Best time to buy back is when share is deemed to be undervalued by the management who foresee future growth and that's often when share is stale.
There's been some great news out over the past months by NMT which takes time to prove up and find the right JV partners or buyers for in order to maximise values, a few here are losing patience selling up early but each to their own trading strategy.
For me it's a medium to long play and the real money to be made could be one to three years from now, there's so much potential here going forward and management probably think the same therefore the decicion to buy back and cancel out some shares at today's low price.
If you've lost faith in the company then probably time to move on but I'm more than happy to put the shares in a box and wait, GLAH, Loop.
NMT Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
