Ann: Update - Notification of buy-back - WHC, page-57

I think i agree with mircat in part. While the returns to the money invested to date in BB has made sense. But spending say 2.4B-3.5b to BB the 240m shares to get a share price increase of a couple of dollars would be a true waste of money. But let's consider the price increases to $15 or even $18. The thing is once you sell those shares you have received the benefit and can no longer join the party of the continued high coal prices.

where as giving say $2 dividend per share for the year will return money to us, and we are still there to get more returns while the coal price remains high. And they can still buy 100million shares, to keep a rocket..or a floor under the share price.