buy back , page-14

i got a reply !

Hello Dale,

Thanks for your email regarding the Company’s on-market share buyback program.

We are taking a measured approach rather than just purchasing a set amount of stock each day. You will note that the stock is up around 5 cents already since the initial buyback announcement, and believe that our tactical approach to executing the buyback will continue to deliver maximum upside for shareholders into the future.


Ben Hill
Investor Relations Manager
Unity Mining Limited


Hi Ben
Thanks for your reply IMO the stock has been rerated on profits announced i don't see it sinking under this level of say 14 i think the fact that you are not buying stock is weakening the SP somewhat. A lot of buyers are feeling hard done by with no shares being purchased.If you have a look at current buy back of CSL you can see that it has supported the SP and they have not tried to pick the bottom they purchase everyday and its daily announced to the ASX .Thats what i call a buy back.
Just my take on things Ben.

Dale