Yeah, I'm starting to question whats going on.I rang Ben Hill...

Yeah,

I'm starting to question whats going on.

I rang Ben Hill from investors relations a couple of weeks ago quizzing why the buy back is not proceeding.

I got the impression they wanted to hold their cash to go after acquistions.

The article posted last night would seem to confirm my impression. Also the recent selldown on no news seems overdone (even taking into account Europe) given the company's strong fundamentals.

Could be good or bad depending on the actual deal but there's always the risk management will blow the cash on an asset that is not currently producing - if that is the case I will be disappointed as the cash backing of the company was one of its attractions.

It would be good for management to come out and clarify what their actual intentions are.