They have another $5 mil arriving from TVN in the next 6 months. Plus $10M in shares if they choose to sell this time next year. I am sure they will be fine to afford a buy back. If they max out the remaining 100M buyback at 3c, it is $3M. I would expect most transactions to be in the 1-2c range so it will be a lot cheaper than $3M imo.
Also, people fail to realise every time they buy at these levels, it is dead wood and fed up holders they are buying from. The ones who would sell out at an instant on the back of news and any other period too. So while they can, why not buy up cheaply and accumulate these dead wood shares. Less future resistance! In the next 3-6 months assays and drilling news will be coming in hot, so maybe then they will start buying back on the uptrend to add to the momentum.
