buy back a given, page-2

I agree with all your comments.

A buyback is the lowest risk puchase any company can make.

The market is being softened up for it. The diggers and dealers presentation along with the comments by AM when he dropped into Macquarie area all designed to get the market to think that a buyback makes good use of the capital.

By these subtle messages, when it is announced, it will not be a surprise (the market does not like surprises).

My prediction is a buyback of up to 10% or 310M shares.