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KM I think your comments "The Directors are of the view that the intrinsic value per share is between 50 and 65 cents" are very important. Couple this comment with the fact that they have conducted the buybacks in a very aggressive fashion, I'm now of the opinion that they are comfortable to push the price of FSA aggressively to achieve some volume in the buyback. I would be confident that at least half of the volume that went through today would be FSA buying back shares. Can see FSA continue to move higher from here!