buy back andor capital return

I think another buyback is a good idea.

At current prices, the more shares that are bought back, the greater each of our share of the cash.

I also think a capital return is quite possible. Not the 10 cent per share strip of the company that some would like, but certainly a cent or two.

2 cents would only cost $2.44m, and they have another $3m coming in 7 months time. And then another $3m. And then another $4m...


Management is aware of the precarious situation their share price are in. There is a large gap between their share price and their cash/receivables.

As I have said before, the current price is not a stable price. It is tempting something to happen. Takeover, capital return, shareholder resolution, or acquisition.

Something will happen very soon here...mark my words.


NTA 19.77cps (mainly cash and receivables). Share price 7.2 cents.