Ann: Share Purchase Plan , page-4

Given the share price action it appears that it is Cantango's turn to be attacked by Carousel or one of the other predators that specialise in ripping off LIC's.

The SPP may be a lame attempt to counter this. None of this would have occurred if Contango had paid a dividend instead of the never successful tactic a buy back.

So now we face a predator who will demand compensation for not destroying the share price and an inept manager seeking to compensate by seeking a greater inflow - outrageous - it is the LinQ/Carousel scenario repeated. I am annoyed because I believed that these Guys were more professional - in the end they are all only interested in their margin.