The buyback stated aim is to buy back 500M shares. At 1.5c this would cost $7.5M. At 1.1c this would cost $5.5M. Clearly you guys would rather our management blows the extra $2M so you can feel better about your stock selection (well in the short term anyway before price craters again post buyback). I'm happy for them to save the $2M personally and see value delivered when sentiment changes in oil, small caps and BRK.
We might have a chance of seeing our reserves valuation of 5cps delivered then (if there isn't a liquidity event in the meantime) but no amount of wailing here is going to deliver it in the meantime. (I would note that the amount of wailing here is a good indicator that we are also likely near the bottom)
If you can't handle the delivery timeframe in this stock then you need to adjust your investing to stocks that have near term catalysts you are certain will cause continuing share price rises.....
(20min delay)