Hello RiverDryIf the strategy is as you suggest, would the...

Hello RiverDry
If the strategy is as you suggest, would the company have needed to make the appointments that they have recently?

I have to say that I am confused by the current situation. If the company is going to mine then they will need a significant amount of capital to do that and it therefore seems incongruous to be spending money on a buy back.

I wonder if there may be a joint venture coming with FMG where they pick up the capital costs of development? Something certainly seems to be happening judging by the appreciation in the share price. I don't believe that it is solely due to the buy back although on some days that has certainly comprised a significant proportion of the days trading.