another suspension, page-35

Alan,

Why is it so hard to understand.

The share register is tight and getting tighter. The buyback reduces float in the market and the CFD traders can't engage in playing.

If a farmer was offered 4$/bag of wheat to be delivered in 3 months and the neighbours were selling at $3.20/bag the farmer would be down the bank and mortgage his place to buy up all the wheat he could. It is that simple.

The new entrants, if they want shares can go on market and buy them, but not in big quantities in short periods. They may have been recently because of the volatility, but if they are seeking a contracted position for off-take and are negotiating and the deal isn't done, they don't want to be left to dump them if the off-take doesn't work out.

Yes, they end up paying more - but could get hosed trying to get out, and they will factor in the "more" into any deal they do. Much more controlled and predictable process. Big outfits don't charge around like the bi-polar ADD addled children you see post in HC.

The shorts might be changing shorts regularly at the moment.

The buy back does not affect day to day field craft, nor the ML, or anything else.

Posters such as PumpkinSoup have ranted against the buyback as pointless. You can bet that this latest announcement didn't arise yesterday, but will have been initiated months ago...so all the while certain pumpkins were distressed, it was clear CDU knew that had buyers for the bought shares. CDU picks up the float, sells for a higher price, and yet I still own the same % of the company as 4 months ago and there is still the same cash in the bank.

One thing is for sure, once mining starts there will be no need for buy back, at the moment its just good capitalisation of opportunities while the company waits for the ML.

any of this "i think its a good idea if..", or "If it was me.." is just a load of hogwash.