Hi Xanax,
I agree that it is unlikely that CCC will conduct a buyback given its current growth profile, however, there are two ASX listed resource companies I am aware of at the moment conducting share buybacks- ADN & MLX. ADN is an explorer whilst MLX is a producer. Both have negative retained profits but both have surplus cash on hand. From a capital management perspective both believe that the surplus cash would be best applied by buying back shares at current prices than other alternatives.ie even exploration
Some information/clarity on buybacks:
http://www.companysecretary.com.au/board_briefings/OnMarketShare.pdf
cheers
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