Ann: On-Market Share Buy-Back, page-52

ASX Security code and description of the class of +securities the subject of the buy-back
BRK : ORDINARY FULLY PAID
The type of buy-back is:
Refer to next page for full details of the announcement
On market buy-back


That's the easiest way, the broker will buy on-market up to 500m shares.

Looking at the trade history and shares up for sale it shouldn't take long for the broker to do so. They could easily get 50m today up to max 2c unless the company has put a $ limit on the total purchase.

The valuation of 5c based on US $90 could be seen as 4c based on US $ 70 should the price drop down to it but at the same time they said they did not include 20% of future developments. So, 5c valuation at 1.6c.

High probability for a 2.5c - 3c t/o attempt as Aussie market is world leader in devaluing assets.

This stock traded 3.5c before any drill bit hit the ground. Now with proven flow rates, valuation and $$ in the kitty trading less half than that. Aussie Logic, the higher the value the less the sp.

Must be an effect of the Southern hemisphere. All logic is upside down.

GLTA