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coppernob,
what's the bet the ASX is querying the share buyback.

Buy back has made 80 - 90% of the purchases of late and just chases the price up with zero bidders underneath.

A two fold ploy to reach 90% for compulsory acquisition and possibly bail out one or two of his mates on market for more than a bag of peanuts.

I have been watching PPN on behalf of friend who bought in at IPO and is one of those people won't cut their losses. Personally I use my extra long barge pole on this one.