I think the buyback is a good move. The buyback should at least...

I think the buyback is a good move.

The buyback should at least put a floor under the shareprice somewhere between 11-13 cents.

With the volatility in Europe etc at least that makes it easier to sleep at night knowing there is limited downside. It takes out the potential for any shorters, highly unlikely as that may have been.

Furthermore if the markets went for a fall, any shares bought below NTA (say 12 cents)increases the value of the remaining shares held.

Down the track that leaves more cash per share to be paid out as dividends.