I am not sure but announcement said;Metals X to buy-back up to...

I am not sure but announcement said;

Metals X to buy-back up to 10% of its shares
16 June 2011 (Perth, WA)
Metals X Limited (?Metals X? or ?the Company?) announces today its intention to commence an on-market
buy-back of up to 10% of the issued capital of the Company in accordance with the ASX guidelines and
Corporations Act.
It is the intention of the Company that the share buy-back will commence from 1 July 2011 for a period of
12 months having provided 14 day notice to ASIC and the ASX.
Metals X currently holds cash reserves and receivables of over $100M, investments in other listed and unlisted
entities of over $75M and has no debt.
The Company has recently announced an agreement with Jinchuan Group Ltd (?Jinchuan?) to cancel
Jinchuan?s 176,000,000 shares in Metals X in exchange for a 20% direct interest in its Central Musgrave
Nickel Projects (?CMP?) (which includes the world-class Wingellina Nickel Limonite deposit). At the time of
the announcement Wingellina was valued at over $250M. This transaction remains subject to shareholder
approval for the sale of the 20% interest in CMP and selective share buy-back of Jinchuan?s 12.9% of
issued capital. Metals X also owns 50% of the Renison Tin operation that is generating strong profits.
Metals X is continuing to review various investment opportunities within the resource sector. Given the
current market conditions and its current share price, the Board of Directors believes that an on-market
buy-back of the Company?s equity is a sensible and effective use of the Company?s capital.
If completed in full this share buy-back and the selective buy-back under the Jinchuan deal will result in the
buy-back of approximately 23% of Metals X?s current issued capital.

Enquiries
Warren Hallam Peter Cook
Managing Director Chairman

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So I think total share buy back of 23% issued capital.

About bot tradings, yes it could be a way of smart trading by large Instos but last time when I bought some to check MLX trading environment at 24 cents but almost same(or micro second later) 23.5 cents XT happened.

This was totally absolutely not deniable SP manipulation, IMO. And then I complained to ASX initially regarding the case. Then they have assesed the case for SP manipulation.
Then replied introducing how to lodge complaint ti ASIC.

In my previous exprience,if the case was not the category of SP manipulation, they would reply that the case was not fall into my complaint. ( I have received both cases replies from ASX recently)

Anyway, I am not sure how ASIC will investigate the case and reach a conculation.

If I receive their reply, I will try to post on MLX section.


Regards,