Team12 and bullseye, you are both right about the $45k buy back...

Team12 and bullseye, you are both right about the $45k buy back is only a drop in the bucket of the $50mill they could do. I was just annoyed that they didn't take advantage of the market weakness, but even if they had bought 50k shares per day over 20 trading days at$4.00.. they would only be about $400k ahead of today's price...
I've materially cut my position now down to only 15 % if what it was at $3... so my interest level is waning.
the vol in this stock certainly provides good trading opportunities, and it doesn't seem to be particularly correlated with ASX moves.. so its a good one to keep an eye on.
I worry about their realized return on epv seemingly running below historic levels of 15%, but we will have to wait for their half year report to get a better idea on that, and as interest rates go up, other alternatives present better value too...
good luck investing.