I hope so AllFuelledUp. I also have no immediate plans to sell and fortunately my adjusted entry price is around the current price, so I can afford a bit of time.
The vast majority of fundamentals I agree are very positive. This was the main reason for my purchase having read their reports and other material over the last year or two. The concept of a share-buy back has merits as well....however, if they don't follow through and buy back any shares, even if it is only 2-3% of share capital (which would be around 8-12m shares - there are only 4m shares for sale at or under 17.5 cents), it would indicate, to me at least, something about not doing what they say and it would be hard to trust suggestions as to what they plan to do in the future. Given the closely held nature of the company they perhaps view it as their own company not a public one??...
XPD Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
