cash and recievables $312m ...mc $200m , page-37

Hey Peter,

Like I said, I'm not familiar with what the process would entail, I'm not overly knowledgeable about shares and don't pretend to be. I imagined buyback would have to be at "inflated" prices than present ones, but as I'm not exactly sure of the process, I couldn't guess the extent of that inflation. There is a lot of room to move however.

I agree with you also that one reason for a buyback not to be implemented is if there is a more advantageous usage for that money, like Sellier and others were saying also. And in these conditions apparently there are an abundance of opportunities.

I just feel at these current prices, and they might not last long, even with "opportunity costs" factored in there could be some big percentage gains. 50% IMHO is a massive percentage, even 20% is huge. Why buy later at 70c-$1 when you can buy now at 40-50c? Anyway, that's my humble opinion, thanks for the intelligent reply.