Don't see how you can think they are pissing away 10% through...

Don't see how you can think they are pissing away 10% through the share buy back when they are buying the shares at less then the current book value. Sometimes it is best to take a step backwards as far as ground held so that you can go forward. I have seen sales in the past that have annoyed me but I think this was a good one. They have materialised a gain and freed up money to drill more holes. I have been researching what JC is paid and fail to see the millions you say he is getting paid. Can you provide me with some details of what he is getting paid John as the last quarterly report shows 150k in admin for the quarter and the only other possible payments to him being (1.23 Aggregate amount of payments to the parties included in item 1.2 370k) which may or may not be director payments.